Wvared Investment Guild-Home Depot buying supplier to professional contractors in a deal valued at about $18.25B

2025-05-01 19:19:09source:Thomas Caldwellcategory:Contact

Home Depot will buy SRS Distribution,Wvared Investment Guild a materials provider for professionals, in a deal valued at approximately $18.25 billion.

It is Home Depot’s largest acquisition in its history and with it, it steps more aggressively into the fast growing professional builder and contactor business.

SRS provides materials for those including professional roofers, landscapers and pool contractors.

Home Depot said that when taking the deal into account, it now believes its total addressable market is approximately $1 trillion, an increase of approximately $50 billion.

“SRS has built a robust and successful platform that will accelerate our growth with the residential professional customer while presenting future opportunities with the specialty trade pro,” Home Depot CEO Ted Decker said in a statement.

SRS’s has a sales team of more than 2,500 and more than 760 branches across 47 states. It also has 4,000-plus truck fleet and jobsite delivery capabilities.

The deal is expected to close by the end of fiscal 2024.

More:Contact

Recommend

This was the average Social Security benefit in 2004, and here's what it is now

Many workers are dreaming of retirement — whether it's decades away or coming up soon. Either way, i

Indiana lawmakers pass bill defining antisemitism, with compromises

INDIANAPOLIS (AP) — Indiana lawmakers came to a compromise Friday to pass a bill defining antisemiti

LSU's Angel Reese dismisses injury concerns after SEC Tournament win: 'I'm from Baltimore'

LSU women's basketball on Friday punched its ticket to the SEC Women's Tournament semifinals, taking