Posted 3/28/2024, 4:44:06 PM
Home Depot Bets on Housing Shortage, Acquires SRS Distribution for $18.25 Billion
- Home Depot acquiring SRS Distribution, a materials provider for professionals, in a $18.25 billion deal, its largest acquisition ever
- SRS serves roofers, landscapers, pool contractors, and other professionals
- Acquisition is a bet on severe shortage of new homes driving prices up over 29% in 5 years
- Home Depot sees total addressable market increasing by $50 billion to $1 trillion after deal
- SRS has over 2,500 sales team, 760+ branches in 47 states, 4,000+ truck fleet to serve professionals