Home Depot acquires SRS Distribution for $18.25B to expand reach to professional customers and boost sales in the home improvement sector.
Home Depot is acquiring SRS Distribution, a leading supplier to professional contractors, in a $18.25B deal. This will help Home Depot expand its reach to professional customers and boost sales amidst a slow recovery in the home improvement sector. The acquisition is expected to broaden Home Depot's market potential by approximately $50 billion, reaching a total of around $1 trillion. SRS Distribution provides materials to various professional customers, including roofers and landscapers.
March 28, 2024
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