“Home Depot is acquiring specialty distributor SRS for $18.25 billion in huge bet on growing pro sales”
April 1, 2024
“Home Depot on Thursday said it is acquiring SRS Distribution in an $18.25 billion deal, the latest and largest sign of its ambitions to drive sales by winning more business from contractors, roofers and other home professionals.
The home improvement retailer expects the acquisition to close this fiscal year, which ends in late January. It said it will finance the deal through cash on hand and debt…”