USA - The Home Depot, the world's largest home improvement retailer, has successfully finalized the acquisition of SRS Distribution, Inc. (SRS) for a total enterprise value of around USD 18.25 billion.

SRS operates as a leading distributor in residential specialty trades across various sectors, catering to professional roofers, landscapers, and pool contractors. The acquisition agreement was initially disclosed on March 28, 2024.

According to Ted Decker, CEO of The Home Depot, "SRS is an excellent fit for The Home Depot – it complements and enhances our growth trajectory. Their rapid establishment of leadership in specialized trade verticals underscores their strong vision, leadership, culture, and operational execution. The addition of SRS's exceptional customer service, capabilities, and expertise will contribute significantly to delivering value for our customers, associates, and shareholders. We are thrilled to welcome the SRS team to The Home Depot."

This acquisition significantly expands The Home Depot's total addressable market to approximately USD 1 trillion, representing an increase of approximately USD 50 billion. The integration of SRS into The Home Depot's operations is expected to accelerate growth within the residential professional customer segment, positioning the company as a top-tier specialty trade distributor across multiple verticals.