All articles tagged with #professional contractors
Lowe's has announced an $8.8 billion cash acquisition of Foundation Building Materials to expand its services for professional builders and contractors across North America, aiming to strengthen its market position and compete more effectively with Home Depot.
Home Depot's $5 billion acquisition of building-products distributor GMS exemplifies its strategic focus on expanding into the professional contractor market, following a major previous acquisition of SRS Distribution, and highlights its disciplined and thoughtful approach to mergers and acquisitions to sustain long-term growth.
Home Depot is set to acquire SRS Distribution, a materials provider for professional contractors, in an $18.25 billion deal, marking its largest acquisition to date. This move allows Home Depot to expand its presence in the fast-growing professional builder and contractor market amid soaring housing prices and a shortage of new homes. The deal is expected to increase Home Depot's total addressable market to approximately $1 trillion, with SRS's robust platform and extensive network positioning the company for further growth in the highly fragmented market.