Home Depot buying supplier to professional contractors in a deal valued at about $18.25B

Shopping carts are parked outside a Home Depot in Philadelphia on Sept. 21, 2022. Home Depot is buying SRS Distribution, a materials provider for professionals, in a deal valued at approximately $18.25 billion. The home improvement retailer said Thursday, March 28, 2024, that the acquisition will help speed up its growth with the contractors. (AP Photo/Matt Rourke, File)

Home Depot will buy SRS Distribution, a materials provider for professionals, in a deal valued at approximately $18.25 billion.

It is Home Depot’s largest acquisition in its history and with it, it steps more aggressively into the fast growing professional builder and contactor business.

SRS provides materials for professionals like roofers, landscapers and pool contractors.