Comment on Home Depot buying supplier to professional contractors in a deal valued at about $18.25B

Home Depot buying supplier to professional contractors in a deal valued at about $18.25B

Home Depot will buy SRS Distribution, a materials provider for professionals, in a deal valued at approximately $18.25 billion. It is Home Depot’s largest acquisition in its history and with it, it steps more aggressively into the fast growing professional builder and contactor business. SRS provides materials for professionals like roofers, landscapers and pool contractors. Home Depot is making a big bet on a housing market that is suffering a severe lack of new homes, which has driven prices sky high. The U.S.

 

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