Deals
Home Depot Bets $18 Billion on Expanding Battle for the Pro
- Deal to buy SRS Distribution expands to sectors like roofing
- SRS had 2023 sales of $10 billion, about 7% of Home Depot
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Home Depot Inc. is making its biggest acquisition ever to win over more professional contractors as the company looks beyond its do-it-yourself roots to revive growth.
The world’s largest home-improvement retailer said it would buy SRS Distribution Inc. for about $18.25 billion in a deal expected to close by early 2025. SRS generated $10 billion in sales last year serving roofers, pool contractors and landscapers. Home Depot said the acquisition would push it into new markets with a total value of $50 billion.