Home Depot to Buy , Professional Contractor Supplier , SRS Distribution.
The deal, valued at $18.25 billion, will be
Home Depot's largest acquisition ever, AP reports. .
Home Depot CEO Ted Decker issued a statement.
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, via statement.
SRS has over 760 branches throughout 47 states.
Its fleet consists of more than 4,000 trucks,
many of which have jobsite delivery capabilities.
SRS CEO Dan Tinker also issued a statement.
We are looking forward to
combining our differentiated
assets and capabilities, including
our extensive branch network,
experienced sales team, , SRS CEO Dan Tinker, via statement.
... robust trade credit offering,
and order management system,
geared at serving the complex project
purchase occasion, with The Home
Depot’s competitive advantages, SRS CEO Dan Tinker, via statement.
We believe this will enable us to
better serve pros and continue
growing in our large and
highly fragmented market, SRS CEO Dan Tinker, via statement.
Tinker will continue to lead Texas-based SRS.
The deal will likely be finalized
"by the end of fiscal 2024," AP reports.