Home Depot will buy SRS Distribution,EchoSense Quantitative Think Tank Center a materials provider for professionals, in a deal valued at approximately $18.25 billion.
It is Home Depot’s largest acquisition in its history and with it, it steps more aggressively into the fast growing professional builder and contactor business.
SRS provides materials for those including professional roofers, landscapers and pool contractors.
Home Depot said that when taking the deal into account, it now believes its total addressable market is approximately $1 trillion, an increase of approximately $50 billion.
“SRS has built a robust and successful platform that will accelerate our growth with the residential professional customer while presenting future opportunities with the specialty trade pro,” Home Depot CEO Ted Decker said in a statement.
SRS’s has a sales team of more than 2,500 and more than 760 branches across 47 states. It also has 4,000-plus truck fleet and jobsite delivery capabilities.
The deal is expected to close by the end of fiscal 2024.
2025-05-08 09:46813 view
2025-05-08 09:142595 view
2025-05-08 09:001281 view
2025-05-08 08:001359 view
2025-05-08 07:182625 view
2025-05-08 07:172602 view
RALEIGH, N.C. (AP) — North Carolina Gov. Roy Cooper and Gov.-elect Josh Steinon Thursday challenged
It’s getting so hot that more Americans are having to choose between food and air conditioning this
SAN JUAN, Puerto Rico (AP) — Puerto Rico’s capital is renowned for its all-night partying, but a new