The Home Depot recently finalized an agreement to purchase McKinney-based SRS Distribution Inc. a prominent distributor specializing in residential trades across multiple sectors, catering to professional roofers, landscapers and pool contractors.
According to The Home Depot, SRS is poised to expedite expansion within the residential professional customer segment. This acquisition positions The Home Depot as a premier specialty trade distributor across various sectors.
Through the deal, The Home Depot anticipates its total addressable market to grow to around $1 trillion, marking an increment of approximately $50 billion.
“SRS’s branch network, coupled with The Home Depot’s 2,000-plus U.S. stores and distribution centers, comprehensive product offering and extensive pro brands, provides the residential pro customer with more fulfillment and service options than ever before,” said Ted Decker, The Home Depot chair, president and CEO I look forward to welcoming the entire SRS team to The Home Depot and capturing the exciting opportunity ahead.”
With over 2,500 professional sales representatives and a network of 760 branches spanning 47 states, SRS boasts a robust infrastructure. Coupled with its fleet of over 4,000 trucks and efficient jobsite delivery capabilities, SRS will empower The Home Depot to broaden its services for residential specialty trade professionals, thereby enhancing support for renovators and remodelers.
Dan Tinker, SRS’s president and CEO, along with his seasoned senior leadership team, will maintain their roles at SRS. They will collaborate closely with The Home Depot to ensure the delivery of optimal value propositions for all professional customers.
“Our team is thrilled to join The Home Depot,” said Tinker. “We are looking forward to combining our differentiated assets and capabilities, including our extensive branch network, experienced sales team, robust trade credit offering, and order management system, geared at serving the complex project purchase occasion, with The Home Depot’s competitive advantages.”
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