Home Depot Acquires Roofing Distributor SRS for $18 Billion to Grow Contractor Business

• Home Depot acquiring SRS Distribution, a roofing distributor, for $18 billion to attract more professional contractor customers • SRS is an industry leader founded in 2008, now with 760 locations and 4,000 trucks across 47 states • Deal expected to help Home Depot grow its "pro business" working with contractors on large projects • Acquisition adds to other recent Home Depot deals catering to professional customers • SRS to operate as independent business within Home Depot, led by current SRS President and CEO Dan Tinker