Home Depot completes acquisition of pro distributor SRS

The Home Depot has completed its acquisition of SRS Distribution, Inc., a building products distributor with more than 760 locations across 47 U.S. states. The deal, first announced March 28, is worth about US$18.25 billion. SRS serves professional roofers, landscapers, and pool contractors, with a sales force of 2,500 and a fleet of some 4,000 trucks. Home Depot expects the acquisition to accelerate its growth with the residential contractor and builder with bulk orders.