The Home Depot has backed up its strategy of better serving the needs of its professional customers with the largest acquisition in its history: the home improvement giant is buying McKinney, TX-based SRS Distribution for $18.25B.
The deal, which Home Depot said would be financed through "cash on hand and debt," adds a building supply products distribution network with more than 760 branches in 47 states to the industry leader.
SRS, which serves the professional roofer, landscaper and pool contractor sectors, has a fleet of 4,000 delivery trucks offering jobsite delivery capabilities and a salesforce of more than 2,500.
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