Home Depot's $18.25B Investment Targets Professional Market
Home Depot has made a significant $18.25 billion acquisition of SRS Distribution to bolster its pro business, focusing on professionals in roofing, pool, and landscaping sectors. This strategic move aims to expand Home Depot's market reach and enhance its distribution capabilities, especially as consumer DIY projects decline. The acquisition is expected to contribute significantly to Home Depot's sales, with SRS's extensive logistics network and specialized sales force providing a competitive edge. The deal highlights Home Depot's shift towards catering more to professional contractors, differentiating it from competitors like Lowe's.