Based in Des Moines, Rising Star distributes a range of exterior building products, including siding, windows, doors, manufactured stone veneers and more.
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Home Depot reported an improvement in customer demand in 4Q as the company broke a same-store decline in sales which persisted over the past two years.
The partnership helps SRS contractors be promoted over others in the market.
HD expects SRS to contribute approximately $6.4 billion in incremental 2024 sales, according to the company's updated 2024 outlook.
The company’s organic sales declined by 3.3% year-over-year, while SRS Distribution contributed $1.3 billion in 2Q net sales.
The company says the deal allows it to better serve the “complex purchase occasion” and establishes it as a leading specialty trade distributor across multiple vehicles.
Mike Hockett and Craig Webb break down the key details of the combination, why it makes sense for Home Depot and why this was likely the long-term play for SRS all along.
Mike Hockett analyzes different angles of this $18.25 billion megadeal in building materials distribution and the questions it raises for the markets it touches.
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Building product distributor SRS Distribution will operate as an independent business unit within The Home Depot and focus on Pro customers.
To expand its footprint across the country, SRS Distribution opened a record number of greenfield locations in its building products division.
SRS plans to grow its natural stone and masonry supply business throughout Texas and beyond with the acquisition of Rock Materials.
Sunniland Corp. is a distributor of residential and commercial roofing products and related accessories.
The current owners will continue to lead the company’s 'dedicated' team under the Washoe banner, SRS says.
The pace of mergers and acquisitions among industrial distributors and manufacturers stalled in March following several strong months.
Exteriors Founder Samir Rastoder will continue to lead the company’s dedicated team, SRS said in a release announcing the deal.
M&A deals involving building supply facilities fell from 178 in 2021 to 164 in 2022, with lumber companies accounting for the most activity last year.
Each location carries a full line of residential and commercial roofing products, as well as other exterior building products.
SRS has acquired Marsh and its eight locations in Ohio and Kentucky.
June Yang, who leads the Cloud AI and Industry Solutions unit at Google Cloud, has been appointed to the SRS board.
With locations in Nashville and Chattanooga, Metro adds 30 employees to SRS.
