Home Depot Expands Professional Customer Sales with $18.25 Billion Acquisition of SRS Distribution
By : Benzinga
Published On: 2024-03-28
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00:47
Home Depot is acquiring specialty distributor SRS Distribution for $18.25 billion to grow its professional customer sales. SRS sells supplies to landscaping, pool, and roofing professionals through 760 branches across 47 US states. The deal adds SRS' 11,000 employees and 4,000 truck fleet to Home Depot's offerings for contractor customers. Home Depot aims to attract over half its business from professional customers undertaking major projects. Recent acquisitions like HD Supply and International Designs Group also target the professional segment.
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