SRS News & Analysis

Home Depot (HD) Expands $100B Market with Mingledorff’s Acquisition

On March 24, 2026, Home Depot, Inc. (HD) announced the acquisition of Mingledorff’s, enhancing its and SRS Distribution's total addressable market by $100 billion. Jefferies reaffirmed a Buy rating, citing that ongoing consolidation in building products distribution could bolster long-term earnings potential. The acquisition will close in Q2 and is funded through cash and debt, maintaining the company's target leverage ratio timeline. Additionally, Home Depot plans to launch a real-time delivery tracker for large materials by the end of Q1.