SRS Distribution, owned by The Home Depot, has completed its acquisition of Mingledorff's, a leading HVAC equipment and supplies distributor with 42 locations in the southeastern U.S. This move expands SRS's product portfolio into HVAC distribution, complementing its existing building products business and enhancing service to professional contractors. The acquisition supports Home Depot's strategy to grow its market share with Pros by offering a broader range of products and streamlined fulfillment. The HVAC market adds about $100 billion to Home Depot's total addressable market, now valued at $1.2 trillion. Financial terms were not disclosed.
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