Home Depot to acquire another trade distributor

The Home Depot announced this morning it has entered into a definitive agreement to acquire SRS Distribution Inc., a residential specialty trade distribution company serving the professional roofer, landscaper, and pool contractor. SRS has 760 branches across 47 states and a sales force of more than 2,500, together with its 4,000-plus truck fleet and jobsite delivery capabilities. The deal is valued at about $18.25 billion.

According to a release, “SRS will accelerate The Home Depot’s growth with the residential professional customer. SRS complements The Home Depot’s capabilities and will enable the company to better serve complex project purchase occasions with the renovator/remodeler, while also establishing The Home Depot as a leading specialty trade distributor across multiple verticals.”