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The Home Depot, Inc.

Home Improvement RetailFounded 1978
Reviewed by Swet Parvadiya
Company data updated: October 2026

Acquisitions

Home Depot Acquisitions

6

Major Deals Covered

$25.4B

Disclosed Deal Value

What are Home Depot's biggest acquisitions?

Home Depot's largest disclosed acquisition here is SRS Distribution for $18.3B in 2024. This page covers 6 major deals from 2014 to 2025, each with its price where disclosed and the reason behind it.

Major deals covered
6
Largest deal
SRS Distribution ($18.3B)
First deal
2014
Most recent
2025
CompanyYearPricePurpose
GMS Inc.2025$5.5BSRS bought GMS, a North American distributor of wallboard, ceilings, steel framing and complementary building products, for $110 per share in cash (about $4.3 billion in equity). The goal was to add interior trades to SRS's roofing, pool and landscape focus.
SRS Distribution2024$18.3BSRS Distribution, a Texas-based specialty trade distributor of roofing, pool and landscape supplies, was acquired to give Home Depot job-site delivery and dedicated sales coverage for trade contractors who rarely shopped its stores.
Interline Brands2015$1.6BInterline Brands was a distributor of maintenance, repair, and operations products serving property managers, building maintenance professionals, and facility managers through a catalog and direct sales model. The acquisition was designed to extend Home Depot's reach into the multifamily residential and commercial building maintenance markets - a professional customer segment that was purchasing MRO supplies through distribution channels that were entirely separate from Home Depot's store network. Interline had approximately $1.5 billion in annual revenue at the time of acquisition.
Company Store (Home Textiles Division of Croscill)2017UndisclosedHome Depot acquired certain assets related to The Company Store, a direct-to-consumer home textiles brand offering bedding, bath, and related soft furnishings. The acquisition was intended to expand Home Depot's presence in the online home furnishings and soft goods category, where competitors including Wayfair were growing rapidly. The Company Store had an established direct-to-consumer digital presence and a customer base oriented toward home textiles and décor.
Compact Power Equipment2017UndisclosedCompact Power Equipment was a tool and equipment rental service provider operating within Home Depot stores and serving as the operational backbone of the in-store rental program. The acquisition was designed to bring full operational control of the tool rental business in-house, eliminating the franchise and licensing arrangements that had previously governed the program and allowing Home Depot to invest in the rental offering as a direct strategic capability rather than a managed partner program.
Blinds.com2014UndisclosedBlinds.com was a leading online retailer of window treatments, offering custom-cut blinds, shades, and shutters through a direct-to-consumer e-commerce model. The acquisition was designed to expand Home Depot's online product assortment in the window treatments category and to accelerate its digital commerce capabilities, including the custom product ordering technology needed to efficiently process made-to-measure window covering orders at scale.
What companies has Home Depot bought?
Major acquisitions by Home Depot documented here include SRS Distribution (2024), GMS Inc. (2025), Interline Brands (2015), Company Store (Home Textiles Division of Croscill) (2017) and Compact Power Equipment (2017).
What is Home Depot's most recent acquisition?
The most recent Home Depot acquisition documented here is GMS Inc., in 2025, for $5.5B.

GMS Inc.

2025

$5.5B

Why

SRS bought GMS, a North American distributor of wallboard, ceilings, steel framing and complementary building products, for $110 per share in cash (about $4.3 billion in equity). The goal was to add interior trades to SRS's roofing, pool and landscape focus.

Impact

The deal valued GMS at about $5.5 billion including net debt and added several hundred branches to Home Depot's Pro distribution network.

Outcome

The deal closed on September 4, 2025. GMS operates within SRS, and fiscal 2026 is its first full year in Home Depot's results.

Source →

SRS Distribution

2024

$18.3B

Why

SRS Distribution, a Texas-based specialty trade distributor of roofing, pool and landscape supplies, was acquired to give Home Depot job-site delivery and dedicated sales coverage for trade contractors who rarely shopped its stores.

Impact

At about $18.25 billion, SRS is the largest acquisition in Home Depot's history. It drove most of the company's fiscal 2024 sales growth, during a period when comparable store sales were falling.

Outcome

SRS became Home Depot's platform for further Pro distribution deals, most notably the $5.5 billion GMS purchase in 2025. By mid-2026 the combined SRS network had more than 1,340 locations.

Source →

Company Store (Home Textiles Division of Croscill)

2017

Why

Home Depot acquired certain assets related to The Company Store, a direct-to-consumer home textiles brand offering bedding, bath, and related soft furnishings. The acquisition was intended to expand Home Depot's presence in the online home furnishings and soft goods category, where competitors including Wayfair were growing rapidly. The Company Store had an established direct-to-consumer digital presence and a customer base oriented toward home textiles and décor.

Impact

The Company Store was integrated into Home Depot's digital platform and operated as a separate branded entity within the Home Depot family, maintaining its distinct brand identity while benefiting from Home Depot's digital marketing capabilities and customer traffic. The acquisition added a home textiles and furnishings dimension to Home Depot's product assortment that was previously absent from the company's core offering.

Outcome

The Company Store has operated as a relatively small contributor to Home Depot's overall revenue, primarily serving the digital consumer segment for bedding and bath textiles. It has not been a material revenue driver but has helped broaden Home Depot's digital assortment in categories adjacent to its core home improvement focus.

Source →

Compact Power Equipment

2017

Why

Compact Power Equipment was a tool and equipment rental service provider operating within Home Depot stores and serving as the operational backbone of the in-store rental program. The acquisition was designed to bring full operational control of the tool rental business in-house, eliminating the franchise and licensing arrangements that had previously governed the program and allowing Home Depot to invest in the rental offering as a direct strategic capability rather than a managed partner program.

Impact

The acquisition enabled Home Depot to integrate the rental program more tightly with its retail operations, improving inventory management, pricing consistency, and customer service quality across the approximately 1,500 locations where rental equipment is available. It also allowed the company to expand the equipment inventory available for rental and to invest in the technology and logistics infrastructure needed to scale the rental business.

Outcome

Home Depot Rental has grown into a meaningful revenue and customer engagement capability, serving both consumer and professional customers in approximately 1,500 locations. The business functions as both a direct revenue source and a customer acquisition mechanism, as rental customers frequently convert to retail purchases for the materials and supplies needed for the same projects requiring rental equipment.

Source →

Interline Brands

2015

$1.6B

Why

Interline Brands was a distributor of maintenance, repair, and operations products serving property managers, building maintenance professionals, and facility managers through a catalog and direct sales model. The acquisition was designed to extend Home Depot's reach into the multifamily residential and commercial building maintenance markets - a professional customer segment that was purchasing MRO supplies through distribution channels that were entirely separate from Home Depot's store network. Interline had approximately $1.5 billion in annual revenue at the time of acquisition.

Impact

The acquisition gave Home Depot approximately 65,000 professional MRO accounts that had not previously been part of the company's Pro customer base, providing both revenue diversification and a template for serving professional customers through distribution models complementary to store-based retail. Interline's product catalog and direct sales capabilities were integrated into Home Depot's Pro business, and the acquired customer relationships were gradually migrated toward Home Depot's broader product platform.

Outcome

Interline's operations were ultimately rebranded under the Home Depot Pro umbrella and integrated into the company's B2B platform. The acquisition is widely viewed as a proof of concept for the distribution-based Pro strategy that was later executed at larger scale through the SRS Distribution acquisition in 2024. It demonstrated that professional customers were willing to consolidate their supply relationships with Home Depot when given distribution capabilities that matched their operational requirements.

Source →

Blinds.com

2014

Why

Blinds.com was a leading online retailer of window treatments, offering custom-cut blinds, shades, and shutters through a direct-to-consumer e-commerce model. The acquisition was designed to expand Home Depot's online product assortment in the window treatments category and to accelerate its digital commerce capabilities, including the custom product ordering technology needed to efficiently process made-to-measure window covering orders at scale.

Impact

The acquisition added a significant digital window treatments capability to Home Depot's online platform, bringing one of the largest and most capable online window treatment retailers directly under Home Depot's brand umbrella. Blinds.com's custom ordering technology and direct-to-consumer logistics capabilities were integrated into Home Depot's digital platform.

Outcome

Blinds.com continues to operate within the Home Depot digital ecosystem, serving customers who prefer to order custom window treatments online. The acquisition helped establish Home Depot's credibility in digital custom product categories and contributed to the company's overall digital commerce capability development.

Source →

The Home Depot, Inc.'s Growth & Acquisition Strategy

Home Depot's growth plan has three parts. It is opening roughly a dozen new stores a year (about 15 planned in fiscal 2026). It is building a complex Pro ecosystem of trade credit, order management tools, delivery capacity and dedicated sales coverage for larger contractors. And it is buying specialty distributors: SRS Distribution in June 2024 for about $18.25 billion, then GMS, a wallboard, ceilings and steel framing distributor, through SRS in September 2025 for about $5.5 billion in enterprise value. In July 2026 it reorganized technology and product teams around the customer experience to speed up innovation.

How The Home Depot, Inc. Makes Money

Home Depot earns money by buying goods in huge volumes from manufacturers and reselling them at a markup through its stores, website and app. Its fiscal 2026 guidance calls for a gross margin of about 33.1%. Stores average roughly 104,000 square feet and double as local fulfillment hubs, so online orders can be picked up in store or delivered from a nearby location. DIY customers buy smaller, project-based baskets. Professional customers such as remodelers, roofers, plumbers, electricians and property managers buy more often and in bigger volumes, and Home Depot serves them with Pro desks, trade credit, delivery and the SRS/GMS branch network. Smaller revenue sources include installation services, where Home Depot sells the product and manages a licensed installer, and tool and truck rental in many stores.

Home Depot Acquisitions FAQ

What was The Home Depot's historic acquisition of SRS Distribution in 2024?

In June 2024, The Home Depot completed the acquisition of SRS Distribution Inc. for an enterprise value of approximately $18.25 billion. SRS is a leading specialty trade distributor across roofing, building materials, and pool supplies, operating over 760 branches and 4,000 delivery trucks across the United States.

Why did The Home Depot re-acquire HD Supply for $8 billion in 2020?

The Home Depot originally owned HD Supply before divesting it in 2007. In November 2020, Home Depot re-acquired HD Supply for approximately $8 billion in cash to solidify its leadership in the multi-billion-dollar maintenance, repair, and operations (MRO) institutional property market.

How did the acquisition of Interline Brands in 2015 expand Home Depot's B2B reach?

In 2015, The Home Depot acquired Interline Brands for $1.6 billion. Interline was a major national distributor of MRO products, giving Home Depot an expansive direct-sales force, specialized distribution centers, and immediate access to commercial institutional customers.

What was the strategic objective behind acquiring Compact Power Equipment in 2017?

The Home Depot acquired Compact Power Equipment, Inc. for $268 million in 2017. Compact Power had long operated equipment rental services inside Home Depot stores; acquiring it allowed Home Depot to own and scale its commercial light-construction tool and heavy machinery rental fleet nationwide.

How did the acquisition of The Company Store in 2017 expand Home Depot's home decor offerings?

In 2017, The Home Depot acquired online home textiles and bedding retailer The Company Store from Hanover Direct. The acquisition broadened Home Depot's capabilities in soft home goods, high-end bedding, and digital e-commerce home decor curation.

What international acquisitions fueled Home Depot's expansion into Canada and Mexico?

The Home Depot expanded internationally by acquiring Aikenhead's Hardware in Canada in 1994 (rebranding to Home Depot Canada) and purchasing Total Home and Del Norte stores in Mexico in the early 2000s, establishing market-leading retail networks in both neighboring countries.

How did the acquisition of Blinds.com enhance Home Depot's customized e-commerce capabilities?

In 2014, The Home Depot acquired Global Custom Commerce (parent of Blinds.com), the largest online retailer of custom window coverings. The acquisition provided Home Depot with proprietary visual configurator software for custom-configured home improvement products.

What strategic criteria does The Home Depot use when evaluating M&A opportunities?

The Home Depot evaluates acquisitions based on strategic fit within its interconnected retail ecosystem, ability to accelerate share gains with high-value Pro customers, logistics and distribution synergies, technology integration potential, and long-term ROIC accretion for shareholders.

What companies has Home Depot acquired?

In 2020, Home Depot executed a massive $8 billion acquisition to buy back HD Supply (a massive wholesale distributor they had actually previously owned and sold off in 2007 to private equity). This massive acquisition was highly strategic, designed purely to solidify their absolute dominance over the lucrative "Pro" contractor and apartment maintenance market.

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Content is for informational purposes only. Not financial advice. Data sourced from SEC filings, annual reports, and public records. See our full disclaimer and methodology.