"Home Depot's $18.25 Billion Acquisition of SRS Signals Major Focus on Pro Sales Growth"
Home Depot is acquiring SRS Distribution for $18.25 billion in a move to expand its pro sales business, aiming to win more business from contractors and home professionals. The deal, expected to close this fiscal year, will be financed through cash and debt. This acquisition, the largest in Home Depot's history, follows previous deals in the pro space and is part of the company's strategy to attract more pros. Home Depot has been focusing on opening new stores, attracting more pro sales, and making the shopping experience seamless to drive growth, as it anticipates slower sales trends to continue.