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Home/News Feed/The Home Depot's SRS Distribution acquires HVAC distributor Mingledorff's, expanding market to $1.2 trillion
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The Home Depot's SRS Distribution acquires HVAC distributor Mingledorff's, expanding market to $1.2 trillion

Company Fundamentals
24 Mar 2026
PRNewsWire
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Bullish
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The Home Depot's subsidiary, SRS Distribution, has agreed to acquire Mingledorff's, a leading HVAC equipment and parts distributor with 42 locations in the southeastern U.S. This acquisition adds HVAC distribution as a new vertical for SRS, expanding The Home Depot's total addressable market to $1.2 trillion. The deal aims to enhance product offerings and service capabilities for professional customers, integrating HVAC with existing roofing, building, landscape, and pool distribution businesses. The transaction is expected to close in Q2 2026, funded by cash and debt, with no impact on the company's leverage target by mid-2027.

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