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

2025-04-30 21:44:06source:Safetyvalue Trading Centercategory:Finance

Home Depot will buy SRS Distribution,Ethermac Exchange 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 those including professional roofers, landscapers and pool contractors.

Home Depot said that when taking the deal into account, it now believes its total addressable market is approximately $1 trillion, an increase of approximately $50 billion.

“SRS has built a robust and successful platform that will accelerate our growth with the residential professional customer while presenting future opportunities with the specialty trade pro,” Home Depot CEO Ted Decker said in a statement.

SRS’s has a sales team of more than 2,500 and more than 760 branches across 47 states. It also has 4,000-plus truck fleet and jobsite delivery capabilities.

The deal is expected to close by the end of fiscal 2024.

More:Finance

Recommend

Arkansas State Police probe death of woman found after officer

LITTLE ROCK, Ark. (AP) — Arkansas State Police are investigating the death of an Arkansas woman whos

Near-collision between NASA spacecraft, Russian satellite was shockingly close − less than 10 meters apart

A near-miss earlier this year between NASA's TIMED spacecraft and the Russian Cosmos 2221 satellite

The Best Fanny Packs & Belt Bags for Every Occasion

We independently selected these deals and products because we love them, and we think you might like