Home Depot Inc. said it would buy building-products distributor SRS Distribution Inc. for about $18.25 billion in a bid to bolster the company's professional services business.

Atlanta

Home Depot Inc. has announced its plans to acquire SRS Distribution Inc., a distributor of building products, in a transaction valued at approximately $18.25 billion. The acquisition aims to enhance Home Depot's professional services segment, signaling a strategic move to expand its offerings in that area.

The partnership between Home Depot, a leading home improvement retailer, and SRS Distribution, known for its extensive network in distributing building products, is expected to create synergies that will bolster Home Depot's position in the market. This acquisition reflects Home Depot's commitment to investing in its professional services business, ensuring it remains competitive and responsive to the needs of its professional customer base.



Home Depot buying pro supplier SRS Distribution for $18 billion

Well Home Depot announcing today that it will be buying building materials company S.R.S. distribution for more than 18 billion dollars. The home improvement retailer is beefing up its professional services business as it makes a push to win over contractors roofers and other building professionals. Bloomberg's John Edwards joins us now with more. And I know Home Depot. I don't know S.R.S. Of course that is a private company. What does Home Depot see there. They see an opportunity to really maximize their their presence in that professional market which is so important to them. You know they're already doing better than Lowe's. They're their main competitor. You know Home Depot gets about 50 percent of its revenue from from professionals and Lowe's gets about a quarter of its revenue there. So Home Depot just wants to build on that that that that lead basically. And S.R.S. is a big way to do it. You know it's it's a huge player in roofing. Also involved in materials for landscapers and pool contractors. So this is just another way for Home Depot to ramp up its exposure to that lucrative professional market. And it's good perspective too because you think Home Depot and often the conversation is about those D.I.Y. renovators at home but the professional side obviously hugely important to them. Let's talk about the price tag because eighteen point two five billion dollars that is quite a chunk of change. You take a look at Home Depot shares. They're only off about six tenths of a percent. It seems like the market may be OK with this. Yeah exactly. And I think it's it's because it really confirms the trend and it confirms what people want to see out of Home Depot which is getting more exposure to that professional market. So you know even though we know when we think of Home Depot we see the commercials and we think of you know going down and getting stuff you know in the carts. But what they're really focused on is those professionals who buy big ticket items and a lot of them all at once. And so that's that's why the market seems to like you know pretty well what it's seeing here.

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