Announced
Financials
Tags
Domestic
Building Roofing/Wallboard and Plumbing
building materials
roofing
United States
Single Bidder
Acquisition
Pending
Friendly
Private
Majority
Private Equity
Synopsis
The Home Depot, a home improvement retailer, agreed to acquire SRS Distribution, a residential specialty trade distribution company across several verticals serving the professional roofer, landscaper and pool contractor, from Leonard Green & Partners and Berkshire Partners, two private equity investors, for $18.25bn. "SRS is an industry leader with a proven track record of profitable growth across verticals. SRS's ability to build leadership positions in each of its trade verticals while generating significant revenue growth is a testament to its strong vision, leadership, culture and execution. SRS has built a robust and successful platform that will accelerate our growth with the residential professional customer while presenting future opportunities with the specialty trade pro," Ted Decker, The Home Depot Chair, President, and CEO.
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