---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-040163"
form_type: "8-K"
ticker: "HD"
cik: "0000354950"
company_name: "HOME DEPOT, INC."
filed_at: "2024-03-28T23:59:59+00:00"
generated_at: "2026-06-04T06:44:43.157105+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.95
calibrated_materiality_score: 0.95
confidence: "high"
source: SEC EDGAR
---

# Home Depot to acquire SRS Distribution for $18.25B, boosting pro capabilities and TAM

## Summary
- Total enterprise value (including net debt) of ~$18.25B; expected to close by end of fiscal 2024.
- Acquisition increases Home Depot's total addressable market by ~$50B to ~$1 trillion.
- SRS has 760+ branches across 47 states, 2,500+ professional sales force, and 4,000+ truck fleet.
- Transaction expected to be dilutive GAAP EPS but accretive to cash EPS in first year post-closing (ex-synergies).
- Home Depot intends to maintain current credit ratings; plans to fund with cash on hand and debt issuance.

## SEC filing metadata
- accession: 0001104659-24-040163
- form_type: 8-K
- ticker: HD
- cik: 0000354950
- company_name: HOME DEPOT, INC.
- filed_at: 2024-03-28T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.95
- calibrated_materiality_score: 0.95
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/354950/000110465924040163/0001104659-24-040163-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/354950/000110465924040163/tm2410002d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-040163
- JSON: https://secwatch.observer/filing/0001104659-24-040163.json
- Plain text: https://secwatch.observer/filing/0001104659-24-040163.txt

## Key facts
- Material Agreements
  HOME DEPOT, INC. entered into Agreement and Plan of Merger with Shingle Acquisition Holdings, Inc., a Delaware corporation valued at $18,250,000,000 (effective 2024-03-27).
  - Action: entry
  - Agreement: merger
  - Counterparty: Shingle Acquisition Holdings, Inc., a Delaware corporation
  - Value: $18,250,000,000
  - Effective: 2024-03-27
  source text: On March 27, 2024, The Home Depot, Inc., a Delaware corporation (the " Company "), Star Acquisition Merger Sub Inc., a Delaware corporation and wholly owned subsidiary of the Company (" Merger Sub "), Shingle Acquisition Holdings, Inc., a Delaware corporation (" SRS "), and Shingle Acquisition, LP, a Delaware limited partnership, solely in its capacity as the initial Holder Representative, entered into an Agreement and Plan of Merger (the " Merger Agreement ")
  evidence_url: https://www.sec.gov/Archives/edgar/data/354950/000110465924040163/0001104659-24-040163-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.