Home Depot Acquires SRS Distribution for $18.25 Billion to Expand Building Supply Reach
• Home Depot announces $18.25B acquisition of SRS Distribution, a distributor for professional contractors • SRS has over 2,500 sales employees and 760+ locations serving roofers, landscapers, pool builders • Deal expands Home Depot's addressable market by $50B to $1 trillion • Acquisition aimed at taking share from top building supply companies like TopBuild and Builders FirstSource • Home Depot stock dips on news while rivals Lowe's, TopBuild, and Builders FirstSource also edge lower