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

FILE – Shopping carts are parked outside a Home Depot in Philadelphia on Sept. 21, 2022. Home Depot is buying SRS Distribution, a materials provider for professionals, in a deal valued at approximately $18.25 billion. The home improvement retailer said Thursday, March 28, 2024, that the acquisition will help speed up its growth with the contractors. (AP Photo/Matt Rourke, File)

Home Depot is buying SRS Distribution, a materials provider for professionals, in a deal valued at approximately $18.25 billion. The home improvement retailer said Thursday that the acquisition will help speed up its growth with the contractors. SRS provides materials for those including professional roofers, landscapers and pool contractors.


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