Home Depot is set to acquire SRS Distribution, a professional materials provider, for about $18.25 billion, marking its largest purchase ever. This move significantly enhances Home Depot’s footprint in the professional builder and contractor sector, a strategic pivot as retail sales slow post-pandemic. The acquisition is seen as a major bet on the strained housing market, where a shortage of new homes has escalated prices. Home Depot’s expansion into this domain reflects a broader strategy to capture a larger share of the booming home improvement and construction market, anticipating a total addressable market of $1 trillion. The deal, expected to close by the end of fiscal 2024, underscores Home Depot’s commitment to serving the professional segment more comprehensively.

Read the article in the National Post

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