RTH - Home Depot Scores Big With $18.25B SRS Acquisition Boosts Addressable Market To $1T | Benzinga
The Home Depot, Inc. (NYSE:HD) disclosed a definitive agreement to acquire SRS Distribution Inc. for a total enterprise value (including net debt) of about $18.25 billion.
SRS’s 2,500-plus professional sales force and 760-plus branch network across 47 states, together with its 4,000-plus truck fleet and jobsite delivery capabilities, will enable Home Depot to extend its offering to residential specialty trade pros.
SRS is expected to accelerate Home Depot’s growth with the residential professional customer and aid it in better serving complex project purchase occasions with the ...