SRS, which is owned by private-equity firms, is “an industry leader with a proven track record of profitable growth,” Home Depot CEO Ted Decker said in a statement. Founded in 2008, the distributor based in McKinney, Texas has expanded to 760 locations in 47 states with a fleet of 4,000 delivery trucks – a critical reach that Decker believes will allow Home Depot to gain more professional customers who work on larger projects.
“SRS has built a robust and successful platform that will accelerate our growth with the residential professional customer while presenting future opportunities with the specialty trade pro,” Decker said in the statement.
Source: USA Today Money
