Home Depot to buy SRS Distribution for $18.3 billion in huge play for home contractors
Home Depot, the home improvement giant, said Thursday it will buy SRS Distribution for $18.3 billion as the retailer pushes deeper into market serving residential contractors. Home Depot is set to buy SRS Distribution for $18.3 billion, a significant acquisition for the home contractors market. Home Depot has over 2,000 stores and distribution centers in the U.S. SRS has over two,500 sales team members, a fleet of over 4,000 trucks, and 760 locations in the US. The acquisition will be funded by a mixture of cash and debt. The SRS management team will remain with the company.
Published : 4 weeks ago by Michael E. Kanell, J. Scott Trubey in Business
Home Depot has more than 2,000 stores and distribution centers in the U.S. SRS has more than 2,500 sales team members, a fleet of more than 4,000 trucks and 760 locations in the U.S.
Decker said the combination of the companies’ networks and Home Depot’s diverse product line “provides the residential pro customer with more fulfillment and service options than ever before. I look forward to welcoming the entire SRS team to The Home Depot and capturing the exciting opportunity ahead.”
The acquisition will be funded by a mixture of cash and debt, Home Depot said. The SRS management team will remain with the company.
“We are looking forward to combining our differentiated assets and capabilities, including our extensive branch network, experienced sales team, robust trade credit offering, and order management system, geared at serving the complex project purchase occasion, with The Home Depot’s competitive advantages,” Dan Tinker, SRS president and CEO. Said in the release. “We believe this will enable us to better serve pros and continue growing in our large and highly fragmented market.”
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