The Home Depot and SRS acquisition

SRS Announces Completion of Acquisition by The Home Depot

The Home Depot, the world’s largest home improvement retailer, has completed the acquisition of SRS Distribution, Inc. for a total enterprise value of approximately $18.25 billion. SRS is a leading residential specialty trade distribution company across several verticals serving the professional roofer, landscaper and pool contractor and is the parent company of Heritage Pool Supply Group. The agreement to acquire SRS was announced on March 28, 2024.

“SRS is an excellent fit for The Home Depot — it’s both complementary and additive to our growth,” says Ted Decker, chair, president and CEO at The Home Depot. “Their ability to quickly build leadership positions in each of their specialty trade verticals is a testament to the team’s strong vision, leadership, culture and execution. SRS’s outstanding customer service, capabilities and expertise will help us drive value for our customers, associates and shareholders, and we’re excited to welcome the SRS team to The Home Depot.”

The acquisition will increase The Home Depot’s total addressable market to approximately $1 trillion, an increase of approximately $50 billion.

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