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Home Depot's $18 billion deal set to revolutionize US builders market

Home Depot's $18 billion deal set to revolutionize US builders market

Posted on April 5, 2024   |  

Home Depot, the world's leading home improvement retailer, has acquired SRS Distribution Inc., a major US building supplier.

The $18 billion deal expands Home Depot's market presence to over $1 trillion and grants access to 760 new locations across 47 states.

Additionally, Home Depot gains access to 4,000 delivery trucks, improving its reach to professional customers involved in larger projects.

With over 2,300 stores nationwide, Home Depot aims to boost online sales and attract more professional customers while retaining its DIY customer base.

This acquisition complements Home Depot's recent moves in the professional sector, including the $8 billion acquisition of HD Supply in 2020, among others.

The deal with SRS Distribution Inc. is expected to close by late January, financed through a mix of cash and debt, with SRS operating independently within Home Depot.



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