The Home Depot subsidiary SRS Distribution Inc. entered a definitive agreement to acquire Mingledorff's, Inc., a wholesale HVAC distributor.
This acquisition marks SRS's entry into the HVAC distribution vertical, a market valued at approximately $100 billion.
The deal expands The Home Depot's total addressable market to an estimated $1.2 trillion.
Mingledorff's operates 42 locations across the southeastern United States.
The move aligns with The Home Depot's strategy to enhance specialized offerings for professional customers.