Home Depot Subsidiary SRS Distribution to Acquire HVAC Distributor Mingledorff's

SRS Distribution, a subsidiary of The Home Depot, has entered into a definitive agreement to acquire Mingledorff's, a leading wholesale distributor of HVAC equipment and supplies. Mingledorff's currently operates 42 locations across five states in the southeastern United States, providing a significant boost to SRS's regional footprint. This acquisition is a strategic move aimed at expanding Home Depot's total addressable market to approximately $1.2 trillion. By integrating Mingledorff's, Home Depot seeks to strengthen its value proposition for professional contractors and specialty trade customers. The deal underscores the company's commitment to its 'Pro' strategy, which remains a primary driver for long-term growth and market share gains. Analysts view this expansion into the specialized HVAC distribution sector as a positive step in diversifying the company's revenue streams and service capabilities.

Sources:prnewswire.comproactiveinvestors.cominvesting.comhardwareretailing.comir.homedepot.commorningstar.comcitybiz.co