
MAKING A FORTUNE FROM BUYOUTS — 36% PREMIUM — 208TH BUYOUT OF AN ARORA PORTFOLIO COMPANY
By Nigam Arora 208th Buyout Building products distributor GMS (GMS) is the 208th Arora Portfolio company to receive a buyout offer. The Offer GMS has entered into an agreement with The Home Depot (HD). GMS will be acquired by SRS Distribution, Home Depot’s specialty trade distribution subsidiary. The total enterprise value of the offer is $5.5B. The offer is for $110 cash per share. There is a no-shop provision in the offer, reducing the likelihood of GMS taking another offer. The deal is expected to close before February 2026. However, closing may be delayed up to six months to meet the





