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Home/News Feed/Home Depot's SRS to acquire HVAC distributor Mingledorff's, expanding HVAC market reach by $100B
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Home Depot's SRS to acquire HVAC distributor Mingledorff's, expanding HVAC market reach by $100B

Company Fundamentals
24 Mar 2026
Proactive Investors
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Bullish
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Home Depot's subsidiary SRS Distribution has agreed to acquire Mingledorff's, a southeastern US HVAC equipment distributor with 42 locations across five states. This acquisition adds HVAC distribution as a new vertical for SRS, complementing its existing product lines in roofing, building products, and more. The deal expands Home Depot's total addressable market by about $100 billion and strengthens its position in the HVAC distribution sector. Funded by cash and debt, the transaction is expected to close in Q2 fiscal 2026, supporting Home Depot's strategy to consolidate the fragmented building materials market and enhance long-term earnings potential.

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