Expansion into Fragmented HVAC Distribution Market

The acquisition aims to capture share in the fragmented building materials distribution industry, specifically targeting the approximately $100 billion HVAC distribution market to increase The Home Depot's total addressable market to $1.2 trillion.

“Mingledorff's brings an extensive product portfolio, robust distribution network and established customer relationships that are highly complementary to SRS's existing business, positioning the company to win greater share of wallet in the fragmented building materials distribution industry. HVAC distribution represents a total addressable market of approximately $100 billion and will increase The Home Depot's total addressable market to $1.2 trillion.”

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