The Home Depot has completed the acquisition of SRS Distribution, Inc. for a total enterprise value of approximately $18.25B. SRS is a leading residential specialty trade distribution company across several verticals serving the professional roofer, landscaper and pool contractor. The agreement to acquire SRS was announced on March 28, 2024. The acquisition will increase the company’s total addressable market to approximately $1T, an increase of approximately $50B. The combination of the two businesses will accelerate The Home Depot’s growth with the residential professional customer. SRS complements The Home Depot’s capabilities and enables the company to better serve the complex purchase occasion, while also establishing The Home Depot as a leading specialty trade distributor across multiple verticals.
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