Home Depot Inc

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• Press Release: Leonard Green & Partners and Berkshire Partners Complete Sale of SRS Distribution for $18.25 Billion, from 1 hour ago by Dow Jones

  1 hour ago by Dow Jones
  Companies Mentioned: HD
  Leonard Green & Partners and Berkshire Partners Complete Sale of SRS Distribution for $18.25 Billion LOS ANGELES & BOSTON--(BUSINESS WIRE)--June 18, 2024-- Leonard Green & Partners and Berkshire Partners today announced the closing of the sale of SRS Distribution Inc. ("SRS"), a leading distributor of residential and commercial building products in the United States, to The Home Depot for $18.25 billion. The acquisition was previously announced on March 28, 2024. "We are extremely proud of our work with SRS and are honored to have been part of this chapter in the organization's incredible expansion," said Jonathan Seiffer, Senior Partner, Leonard Green & Partners. "We appreciate the relentless dedication of CEO Dan Tinker and the SRS team, and we look forward to the continued success of SRS as it joins The Home Depot family." "During Berkshire's 11 years as an investor in SRS, the company honed its unique culture to attract, develop, and retain top-tier talent within the industry," said Josh Lutzker, Managing Director, Berkshire Partners. "Our partnership with CEO Dan Tinker and the entire SRS leadership team was very rewarding, as we worked together to scale the business into one of the leading distributors of building products in the United States." Berkshire Partners invested in SRS in 2013 and sold a majority stake in the business to Leonard Green & Partners in 2018. Both firms played a key role in supporting the growth of SRS, including entering multiple new trade verticals and the expansion of SRS branches across the country. Since the company's inception, SRS has prioritized broad-based equity incentives and ownership to create meaningful financial opportunities for its employees. These initiatives had the full support of Leonard Green & Partners and Berkshire Partners, who are both members of Ownership Works, a nonprofit organization that partners with companies and investors to provide all employees with the opportunity to build wealth through their career. About LGP LGP is a leading private equity investment firm founded in 1989 and based in Los Angeles with over $75 billion of assets under management. The firm partners with experienced management teams and often with founders to invest in market-leading companies. Since inception, LGP has completed over 150 investments in the form of traditional buyouts, going-private transactions, recapitalizations, growth equity, and selective public equity and debt positions. The firm primarily focuses on companies providing services, including consumer, healthcare, and business services, as well as distribution and industrials. For more information, please visit www.leonardgreen.com. About Berkshire Partners Berkshire Partners is a 100% employee-owned, multi-sector specialist investor in private and public equity. The firm's private equity team invests in well-positioned, growing companies across services & industrials, technology & communications, consumer, and healthcare. Since inception, Berkshire Partners has made more than 150 private equity investments and has a strong history of collaborating with management teams to grow the companies in which it invests. The firm's public equity group, Stockbridge, founded in 2007, manages a concentrated portfolio seeking attractive long-term investments. For additional information, visit www.berkshirepartners.com.
  

• Home Depot Completes Acquisition of SRS Distribution for $18.3 Billion, from 1 hour ago by MT Newswires

  1 hour ago by MT Newswires
  Companies Mentioned: HD
  10:58 AM EDT, 06/18/2024 (MT Newswires) -- Home Depot (HD) completed the acquisition of SRS Distribution for $18.3 billion. SRS is a building-products distributor in residential specialty trades serving professional roofers, landscapers and pool con...

• The Home Depot Completes Acquisition of SRS Distribution, from 2 hours ago by PR Newswire

  2 hours ago by PR Newswire
  Companies Mentioned: HD

  The Home Depot(R), the world's largest home improvement retailer, has completed the acquisition of SRS Distribution, Inc. ("SRS") for a total enterprise value of approximately $18.25 billion. SRS is a leading residential specialty trade distribution company across several verticals serving the professional roofer, landscaper and pool contractor. The agreement to acquire SRS was announced on March 28, 2024.

• The Home Depot Completes Acquisition of SRS Distribution, from 2 hours ago by Dow Jones

  2 hours ago by Dow Jones
  Companies Mentioned: HD
  
  The Home Depot Completes Acquisition of SRS Distribution
  
  PR Newswire
  
  ATLANTA, June 18, 2024
  
  ATLANTA, June 18, 2024 /PRNewswire/ -- The Home Depot(R) , the world's largest home improvement retailer, has completed the acquisition of SRS Distribution, Inc. ("SRS") for a total enterprise value of approximately $18.25 billion. SRS is a leading residential specialty trade distribution company across several verticals serving the professional roofer, landscaper and pool contractor. The agreement to acquire SRS was announced on March 28, 2024.
  

• *DJ The Home Depot Completes Acquisition Of SRS Distribution >HD, from 2 hours ago by Dow Jones

  2 hours ago by Dow Jones
  Companies Mentioned: HD
  
  The Home Depot Completes Acquisition of SRS Distribution
  
  PR Newswire
  
  ATLANTA, June 18, 2024
  
  ATLANTA, June 18, 2024 /PRNewswire/ -- The Home Depot(R) , the world's largest home improvement retailer, has completed the acquisition of SRS Distribution, Inc. ("SRS") for a total enterprise value of approximately $18.25 billion. SRS is a leading residential specialty trade distribution company across several verticals serving the professional roofer, landscaper and pool contractor. The agreement to acquire SRS was announced on March 28, 2024.