SRS Distribution, a subsidiary of The Home Depot, agreed on 24 March to acquire Mingledorff's, a wholesale distributor of HVAC equipment, parts and supplies, for an undisclosed sum.
Why SRS Distribution (The Home Depot) is buying Mingledorff's
Home Depot said HVAC distribution is a market of about $100bn and that the deal lifts its total addressable market to about $1.2tn. Adding HVAC alongside SRS's roofing, building products, landscape and pool businesses is meant to win more spending from professional contractors.
Deal terms and financing
Financial terms were not disclosed. Mingledorff's leadership, including chief executive David Kesterton, stays on to run the business within SRS.
Regulatory approvals and timing
The deal was subject to customary conditions including regulatory approvals. SRS completed the acquisition on 11 May 2026.
Market context
Home Depot bought SRS in 2024 and has used it to expand in specialty trade distribution for professional customers. Mingledorff's was founded in 1939 and is based in Peachtree Corners, Georgia.
