Home Depot said on Monday unit SRS Distribution has agreed to acquire specialty building products distributor GMS for about $4.3 billion, amid threats of a hostile takeover from rival QXO. SRS has offered $110 per GMS share held,

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.