Home Depot to buy SRS Distribution in $18.25bn deal
Home Depot said on Thursday that it has agreed to buy SRS Distributiona residential specialty trade distribution company, for around $18.25bn.
The US home improvement retailer said SRS will accelerate its growth with the residential professional customer.
With this acquisition, it now believes its total addressable market is around $1trn, an increase of approximately $50bn.
Ted Decker, chairman, president and chief executive of Home Depot, said: “SRS is an industry leader with a proven track record of profitable growth across verticals.
“SRS’s ability to build leadership positions in each of its trade verticals while generating significant revenue growth is a…Continue Reading