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SRS Distribution, a subsidiary of The Home Depot, has agreed to acquire Mingledorff’s, a wholesale distributor of heating, ventilation and air conditioning (HVAC) equipment, parts and supplies, serving residential and commercial customers through 42 locations across Alabama, Georgia, South Carolina, Florida and Mississippi.
The acquisition is expected to be finalized in the second quarter of fiscal 2026 and will be funded through cash on hand and debt. The financial terms of the transaction were not disclosed.
“The momentum we’ve seen in the SRS business is a testament to its strong customer value proposition and execution,” says Ted Decker, chair, president and CEO of The Home Depot. “SRS is a growth engine for The Home Depot, and we continue to drive significant synergies that enable us to bring more innovation and value to our Pro customers. The addition of Mingledorff’s will give us an incredible opportunity to build an enterprise-wide platform in HVAC equipment, replacement parts and supplies, creating another entry point into the broader distribution space.”
The Home Depot is differentiating its offerings and capabilities to attract more pro customers. Through SRS Distribution, the company is also gaining footing in specialty trade distribution.
“We are thrilled to welcome Mingledorff’s to the SRS family, establishing another vertical that allows us to serve new Pro contractors while enhancing our product offering to our existing builder, general contractor and multifamily customers more holistically than ever before,” says Dan Tinker, CEO of SRS. “By adding a quality HVAC platform alongside our premier roofing, interior and exterior building materials, landscape and pool businesses, we can offer our customers unmatched product options and streamlined fulfillment—all from a single, trusted distribution partner.”
Mingledorff’s brings an expansive product portfolio to SRS Distribution, while complementing its existing product offering. HVAC distribution represents a total addressable market of approximately $100 billion and will increase The Home Depot’s total addressable market to $1.2 trillion.
“Joining forces with SRS and The Home Depot marks an incredible new chapter in our company’s history and gives us a powerful platform to broaden our reach and impact,” says David Kesterton, president and CEO of Mingledorff’s. “As a family-owned business with a long-standing heritage of service, we have always prioritized deep partnerships and an unwavering commitment to our customers’ success. We’re excited to expand our service-first mission while becoming an integral part of the premier destination for Pros in the industry.”
Kesterton and his senior leadership team will continue to lead Mingledorff’s as part of the SRS organization.
