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The Home Depot has completed the acquisition of SRS Distribution (SRS) for $18.25 billion earlier than anticipated. SRS is a residential specialty trade distribution company that serves professional roofer, landscaper and pool contractors.
The SRS agreement was previously announced in March and the company anticipated closing the deal at the end of 2024.
“SRS is an excellent fit for The Home Depot—it’s both complementary and additive to our growth,” says Ted Decker, The Home Depot chair, president and CEO. “Their ability to quickly build leadership positions in each of their specialty trade verticals is a testament to the team’s strong vision, leadership, culture and execution. SRS’s outstanding customer service, capabilities, and expertise will help us drive value for our customers, associates and shareholders, and we’re excited to welcome the SRS team to The Home Depot.”
According to Home Depot, the acquisition increases the total addressable market to around $1 trillion, an increase of around $50 billion.
SRS Distribution was founded in 2008 and is headquartered in McKinney, Texas. The company has become one of the fastest growing building products distributors in the U.S. SRS currently operates under a family of distinct local brands encompassing more than 760 locations across 47 states.
