Why Home Depot made an $18.25 billion bet on the pro business
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Home Depot has acquired SRS Distribution for $18.25 billion to strengthen its position in the professional business sector, despite slow home improvement demand.
November 15, 2024 | 4:15 pm
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Home Depot has completed an $18.25 billion acquisition of SRS Distribution to enhance its offerings to professionals in roofing, pool, and landscaping sectors.
The acquisition of SRS Distribution is a strategic move by Home Depot to strengthen its professional business segment. This could lead to increased revenue from professional customers, potentially boosting Home Depot's stock price in the short term.
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