Why Home Depot made an $18.25 billion bet on the pro business

At the time of the deal, Home Depot estimated the acquisition expands the company's total addressable market to approximately $1 trillion, an increase of approximately $50 billion.


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Why Home Depot Made An $18.25 Billion Bet On The Pro Business

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At the time of the deal, Home Depot estimated the acquisition expands the company's total addressable market to approximately $1 trillion, an increase of approximately $50 billion.

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Home Depot’s Largest Acquisition Ever Is An $18.25 Billion Bet On …

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Mar 28, 2024  · The Home Depot just announced a big acquisition. AP Photo/Matt Rourke, File Home Depot will buy SRS Distribution, a materials provider for professionals, in a deal valued …

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Home Depot Seals Biggest-ever Deal By Buying Building-products …

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Mar 29, 2024  · The deal, which is the biggest in Home Depot's history, is expected to boost the company's (HD) total addressable market by $50 billion, elevating it to about $1 trillion.

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Home Depot Seals Biggest-ever Deal By Buying Building-products …

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Story by Jamie Chisholm. • 4mo. Home Depot Inc. said early Thursday that it had agreed to buy SRS Distribution Inc., a building-products provider, for about $18.25 billion, including debt. …

msn.com

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Home Depot Bulks Up Pro-business With $18.25 Bln Deal For …

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March 28 (Reuters) - Home Depot (HD.N) will buy building materials supplier SRS Distribution in an $18.25 billion deal, in the top U.S. home improvement chain's largest acquisition, as it looks …

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Home Depot Makes $18.25B Deal | Northwest Arkansas Democrat …

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Mar 29, 2024  · Home Depot will buy SRS Distribution, a materials provider for professionals, in a deal valued at approximately $18.25 billion. It is Home Depot's largest acquisition in its history …

nwaonline.com

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Home Depot Bulks Up Pro-business With $18.25 Billion Deal For …

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Mar 28, 2024  · (Reuters) -Home Depot will buy building materials supplier SRS Distribution in an $18.25 billion deal, in the top U.S. home improvement chain's largest acquisition, as it looks to …

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Home Depot’s $18 Billion Deal Shows Change In Strategy

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Mar 28, 2024  · A customer walks through a Home Depot store on February 20 in Austin, Texas. In its largest acquisition ever, Home Depot is expanding its business targeting professional …

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Home Depot Buying Supplier To Professional Contractors In A Deal …

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Mar 28, 2024  · Home Depot will buy SRS Distribution, a materials provider for professionals, in a deal valued at approximately $18.25 billion including debt. It is Home Depot’s largest …

bostonglobe.com

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Home Depot Agrees To Make Its Largest Acquisition Ever - Yahoo …

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Mar 28, 2024  · Home Depot agreed to acquire SRS Distribution of McKinney, Texas, for $18.25 billion. SRS Distribution provides goods and materials for home-improvement contractors, like …

yahoo.com

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What Home Depot’s $18 Billion Deal Says About Its Strategy

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Mar 28, 2024  · Brandon Bell/Getty Images. New York CNN —. In its largest acquisition ever, Home Depot is expanding its business targeting professional contractors and builders as the …

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Home Depot Making $18.25 Billion Acquisition | Chain Store Age

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Mar 27, 2024  · The Home Depot will acquire SRS Distribution Inc. for $18.25 billion. The Home Depot is making its biggest commitment yet to its home professional (“pro”) business. In the …

chainstoreage.com

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Home Depot Bets $18 Billion On Expanding Battle For The Pro

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Mar 28, 2024  · Home Depot Inc. is making its biggest acquisition ever to win over more professional contractors as the company looks beyond its do-it-yourself roots to revive growth. …

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Home Depot's $18 Billion Acquisition: Genius Move Or Waste Of …

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Apr 4, 2024  · The company just announced its biggest acquisition ever, taking over SRS Distribution for $18.25 billion, including SRS's debt. Home Depot said the deal would expand …

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Home Depot Bets $18 Billion On Expanding Battle For The Pro

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Mar 28, 2024  · Home Depot Inc. is making its biggest acquisition ever to win over more professional contractors as the company looks beyond its do-it-yourself roots to revive growth. …

bloomberg.com

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What Home Depot’s $18 Billion Deal Says About Its Strategy

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Mar 28, 2024  · HD. In its largest acquisition ever, Home Depot is expanding its business targeting professional contractors and builders as the home fixer-upper market stalls. Home …

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Home Depot’s Largest Acquisition Ever Is An $18.25 Billion Bet On …

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Home Depot’s largest acquisition ever is an $18.25 billion bet on the housing market’s severe shortage of new homes Home Depot's able to get a inside look at housing development trends …

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Home Depot’s Largest Acquisition Ever Is An $18.25 Billion ... - Reddit

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Home Depot’s largest acquisition ever is an $18.25 billion bet on the housing market’s severe shortage of new homes ... Home Depot’s largest acquisition ever is an $18.25 billion bet on …

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The Home Depot Announces Third Quarter Fiscal 2024 Results; …

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ATLANTA, Nov. 12, 2024 /PRNewswire/ -- The Home Depot ®, the world's largest home improvement retailer, today reported sales of $40.2 billion for the third quarter of fiscal 2024, …

homedepot.com

FAQs about Why Home Depot made an $18.25 billion bet on the pro business Coupon?

Why did Home Depot acquire SRS Distribution?

Home Depot is buying building materials supplier SRS Distribution in a $18.25 billion deal, its largest acquisition to date. The top U.S. home improvement chain is looking to broaden its professional customer base with this acquisition to better tackle tepid demand. ...

What is the total addressable market for Home Depot now?

When taking the deal into account, Home Depot now believes its total addressable market is approximately $1 trillion, an increase of approximately $50 billion. With mortgage rates still high, millions of people are spending money on upkeep for the homes that they own, another financial driver for the Home Depot, SRS deal. ...

Why did Home Depot's stock fall 1%?

Home Depot's stock slipped 1%, with a market value of $382.42 billion according to LSEG data. The company will assume SRS' debt and fund the $18.25 billion deal with cash on hand and debt. Home Depot is focusing on 'DRIVING CUSTOMER EXPERIENCE'. ...

Is Home Depot expanding into new markets?

Home Depot has been expanding into new markets through acquisitions. According to data compiled by Bloomberg, its previous largest deal was reacquiring HD Supply Holdings Inc. for more than $8 billion in 2020, in another transaction focused on expansion in the pro market. ...

Did Home Depot buy HD Supply in the past?

Home Depot previously acquired HD Supply Holdings Inc. for more than $8 billion in 2020\. This was another transaction focused on expansion in the pro market. According to data compiled by Bloomberg, this was Home Depot’s previous largest deal. ...

Does Home Depot have a big-box deal?

With the $18.25 billion deal, which closed in June, Home Depot signaled to investors that its growth will come not just from its big-box stores. It will also rely on large online orders placed by home professionals who need a long list of specific supplies for installing swimming pools, repairing roofs and tackling complex remodels. ...

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