Home Depot acquires SRS Distribution for $18.25bn, its largest acquisition, expanding its addressable market by $50bn.

Home Depot has acquired SRS Distribution for $18.25bn, its largest acquisition to date. The deal will expand Home Depot's addressable market by approximately $50bn and is expected to open up a new customer base for the company, according to CFO Richard McPhail. SRS specializes in roofing, landscaping, and pool contractor supplies, providing Home Depot with access to a new customer segment in the specialty product market.

April 04, 2024
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