The Home Depot has announced its plans to acquire SRS Distribution, a residential specialty trade distribution company, in a deal valued at approximately $18.25 billion. This move will allow The Home Depot to expand its presence in the residential professional market, specifically within the roofing, landscaping, and pool contracting sectors.
“The acquisition of SRS will help accelerate our growth with the residential professional customer,” says Ted Decker, chair, president, and CEO of The Home Depot. “SRS has built a robust and successful platform that will enable us to better serve complex project purchase occasions with the renovator/remodeler, while also establishing The Home Depot as a leading specialty trade distributor across multiple verticals.”