The company’s organic sales declined by 3.3% year-over-year, while SRS Distribution contributed $1.3 billion in 2Q net sales.
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The company says the deal allows it to better serve the “complex purchase occasion” and establishes it as a leading specialty trade distributor across multiple vehicles.
Mike Hockett and Craig Webb break down the key details of the combination, why it makes sense for Home Depot and why this was likely the long-term play for SRS all along.
Mike Hockett analyzes different angles of this $18.25 billion megadeal in building materials distribution and the questions it raises for the markets it touches.
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Building product distributor SRS Distribution will operate as an independent business unit within The Home Depot and focus on Pro customers.
To expand its footprint across the country, SRS Distribution opened a record number of greenfield locations in its building products division.
SRS plans to grow its natural stone and masonry supply business throughout Texas and beyond with the acquisition of Rock Materials.
Sunniland Corp. is a distributor of residential and commercial roofing products and related accessories.
The current owners will continue to lead the company’s 'dedicated' team under the Washoe banner, SRS says.
The pace of mergers and acquisitions among industrial distributors and manufacturers stalled in March following several strong months.
Exteriors Founder Samir Rastoder will continue to lead the company’s dedicated team, SRS said in a release announcing the deal.
M&A deals involving building supply facilities fell from 178 in 2021 to 164 in 2022, with lumber companies accounting for the most activity last year.
Each location carries a full line of residential and commercial roofing products, as well as other exterior building products.
SRS has acquired Marsh and its eight locations in Ohio and Kentucky.
June Yang, who leads the Cloud AI and Industry Solutions unit at Google Cloud, has been appointed to the SRS board.
With locations in Nashville and Chattanooga, Metro adds 30 employees to SRS.
SRS is a new corporate member for the association that aims to empower women as they develop careers in the trucking industry.
Building products distributor SRS has expanded into the New York market by acquiring Florence Corporation and Amagansett Building Materials.
Building products distributor SRS expands into Michigan and Ohio with latest acquisition; acquired company to retain Wimsatt banner.
Texas-based Heritage Pool Supply Group has acquired Pool Contractors Supply, a wholesale distributor of pool and spa products in Memphis.
