Form 8-K · Current Report · Filed 2024-03-28
The Home Depot Announces Agreement to Acquire SRS Distribution, a Leading Specialty Trade Distributor
On March 27, 2024, The Home Depot, Inc. entered into a definitive agreement to acquire SRS Distribution Inc., a leading residential specialty trade distribution company. This acquisition, expected to close by the end of fiscal 2024, is anticipated to increase The Home Depot's total addressable market by approximately $50 billion and enhance its capabilities for serving professional customers.
- Filer
- Home Depot Inc. HD · NYSE
- Filed
- Accession
- 0001104659-24-040163
- CIK
- 0000354950
- Signal
- High impactConsumer Cyclical
- Source
- Official filing on sec.gov ↗
Items reported
Entry into a Material Definitive Agreement
Regulation FD Disclosure
Financial Statements and Exhibits
Market reaction
Close before filing
$385.89
Next session
-4.6%
Since filing
-14.0%
Latest close
$331.96
What happened, not what will happen — closing prices around the filing date.
Precedent
Previous filings from HD reporting the same item, with the next session's move:
Exhibits (2)
About Home Depot Inc.
Home Depot Inc. is a leading retailer known for offering a wide range of home improvement products, construction materials, and services. Its primary function is to provide consumers and professional contractors with the necessary supplies and equipment for construction, maintenance, and home enhancement projects. Home Depot's expansive product lineup includes items for home decor, gardening equipment, building materials, and electrical and plumbing supplies, catering to both residential DIY enthusiasts and commercial builders. The company plays a critical role in the retail and home improvement sectors, impacting industries related to housing and construction. Home Depot, founded in 1978 and headquartered in Atlanta, Georgia, operates a vast network of stores across the United States, Canada, and Mexico. It is renowned for its large warehouse-style stores and a broad inventory, complementing its physical presence with an online sales platform that offers customers additional convenience. As a major player in the consumer retail market, Home Depot significantly influences trends in home renovation and continues to be a vital provider of resources for projects of varying scopes and complexities.
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