Home Depot (NYSE:HD) is in the spotlight after reportedly entering a competitive bidding process to acquire GMS (NYSE:GMS), a major U.S. building-products distributor specializing in drywall, ceilings,

You’ve heard of Home Depot. But have you heard of QXO, a relatively new company in the building supplies industry? Probably not. That could soon change. There’s a chance that QXO may go toe to toe with the mighty home improvement retailer in a bidding war for materials distributor GMS.

QXO Inc. won’t raise its $5 billion offer for building products distributor GMS Inc. after Home Depot Inc. reportedly made its own bid.