Previous close | 71.00 |
Open | 71.00 |
Bid | 0.00 |
Ask | 0.00 |
Strike | 330.00 |
Expiry date | 2025-01-17 |
Day's range | 71.00 - 71.00 |
Contract range | N/A |
Volume | |
Open interest | 555 |
Owned by private-equity firms, SRS is a specialty trade distribution company serving professional contractors.
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 and with it, it steps more aggressively into the fast growing professional builder and contactor business. SRS provides materials for professionals like roofers, landscapers and pool contractors.
This has put pressure on the Do-It-Yourself (DIY) segment, which makes up about half of Home Depot's business, and the company has sharpened its focus on "Pro-customers" such as professional builders, contractors, handymen to drive sales. Thursday's acquisition of SRS, Home Depot's biggest deal, will expand its total potential market by about $50 billion to roughly $1 trillion, the company said. It said it would operate as an independent unit within Home Depot and its leadership team will remain with the company.