Home Depot has finalized its acquisition of SRS Distribution for an enterprise value of $18.25 billion on June 18, 2024. The deal, initially announced on March 28, positions Home Depot as a leading specialty trade distributor across multiple verticals, expanding its total addressable market by approximately $50 billion to $1 trillion.SRS Distribution, headquartered in McKinney, Texas, is a prominent residential specialty trade distribution company serving professional roofers, landscapers, and pool contractors. The company operates under various local brands across more than 760 locations in 47 states. The acquisition aims to enhance Home Depot's capabilities in serving complex purchase occasions and accelerate growth with residential professional customers.As part of the merger agreement, certain members of SRS's management team have reinvested a portion of their after-tax proceeds into Home Depot common stock, subject to service-based vesting conditions and transfer restrictions. The integration combines SRS's expertise in specialty trade verticals with Home Depot's existing infrastructure to drive value for customers, associates, and shareholders.

Home Depot has finalized its acquisition of SRS Distribution for an enterprise value of $18.25 billion on June 18, 2024. The deal, initially announced on March 28, positions Home Depot as a leading specialty trade distributor across multiple verticals, expanding its total addressable market by approximately $50 billion to $1 trillion.SRS Distribution, headquartered in McKinney, Texas, is a prominent residential specialty trade distribution company serving professional roofers, landscapers, and pool contractors. The company operates under various local brands across more than 760 locations in 47 states. The acquisition aims to enhance Home Depot's capabilities in serving complex purchase occasions and accelerate growth with residential professional customers.As part of the merger agreement, certain members of SRS's management team have reinvested a portion of their after-tax proceeds into Home Depot common stock, subject to service-based vesting conditions and transfer restrictions. The integration combines SRS's expertise in specialty trade verticals with Home Depot's existing infrastructure to drive value for customers, associates, and shareholders.