Jonathan Dale Benton:Home Depot buying supplier to professional contractors in a deal valued at about $18.25B

2025-05-06 16:38:46source:Surpassing Quant Think Tank Centercategory:Invest

Home Depot will buy SRS Distribution,Jonathan Dale Benton 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.

More:Invest

Recommend

'Vanderpump Rules' star DJ James Kennedy arrested on domestic violence charges

"Vanderpump Rules" star James Kennedy has been arrested for domestic violence.In a statement to USA

Water runs out at UN shelters in Gaza. Medics fear for patients as Israeli ground offensive looms

KHAN YOUNIS, Gaza Strip (AP) — Water has run out at U.N. shelters across Gaza as thousands packed in

Prepare to Be Blinded By Victoria Beckham's 15 Engagement Rings

You'll wannabe Victoria Beckham after seeing her dazzling collection of engagement rings.Rumor has i