Home Depot closes $18.25B acquisition of SRS Distribution, expanding TAM to ~$1T

HOME DEPOT, INC.

Acquisition of residential specialty trade distributor SRS for $18.25B enterprise value, announced March 28, 2024.
Expands Home Depot's total addressable market by ~$50B to approximately $1 trillion.
SRS serves professional roofers, landscapers, and pool contractors; complements HD's pro customer focus.
Certain SRS management reinvested a portion of after-tax proceeds into Home Depot common stock, subject to vesting and transfer restrictions.

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