Home Depot completes acquisition of SRS

The Home Depot, the world's largest home improvement retailer, has completed the acquisition of SRS Distribution, Inc. (SRS) for a total value of approximately USD 18.25 bn (EUR 17.06 bn). The company announced the completion of the transaction via a press release.

SRS is a leading residential specialty trade distribution company across several verticals serving the professional roofer, landscaper and pool contractor. The agreement to acquire SRS was announced on 28 March 2024. The acquisition will increase the company's total addressable market to approximately USD 1 tn (EUR 935.2 bn), an increase of approximately USD 50 bn. "SRS is an excellent fit for The Home Depot - it's both complementary and additive to our growth," said Ted Decker, chair, president and CEO.