GMS’s drywall and steel-frame products could be rolled into Home Depot’s SRS Distribution roofing, landscaping and pool-products business.

The retailer’s SRS subsidiary will initiate a cash tender offer to acquire all GMS common stock for $110 per share.

Home Depot bought SRS Distribution — the subsidiary that’s acquiring GMS — last year for $18.25 billion, in the largest acquisition in its history. Texas-based SRS sells supplies to professionals in the landscaping, roofing and pool businesses and it has bought up many other smaller suppliers as it’s grown.