Home Depot to complete acquisition of SRS, expand business scope

It is learned that according to foreign media reports, in order to expand its business scope, Home Depot reached a final agreement in March 2024 and agreed to acquire SRS Distribution Inc., a supplier of building materials, for a price of approximately US$18.25 billion. According to recent announcements from the two companies, Home Depot's acquisition of SRS Distribution is close to completion, and the transaction is expected to be completed around June 18, 2024.

This acquisition will greatly promote Home Depot's service to residential professional customers, including roofers, landscapers and pool contractors. The combination of SRS's branch network with Home Depot's more than 2,000 stores and distribution centers in the United States, comprehensive product supply and a wide range of professional brands will bring more choices to residential professional customers. The addition of SRS will not only enhance Home Depot's ability to provide complex project procurement services to decorators/remodelers, but will also help Home Depot expand its service scope and become a leading professional trade distributor in multiple fields.

Additionally, Home Depot estimates that the acquisition expands its total addressable market to approximately $1 trillion, an increase of approximately $50 billion.

Author✎ Summer/
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