In a significant move to better serve its “pro” customers, the Home Depot announced last week it will acquire acquire SRS Distribution in an $18.25 billion deal, and the news was met with mixed feelings by the industry.
Home Depot said the move will increase its market by about $50 billion to roughly $1 trillion, and indicated SRS Distribution will operate as an independent company. The announcement sent ripples through the construction and distribution industry, making headlines in some of the biggest news outlets and drawing a litany of reactions and observations.