A new chapter for the roofing industry

By Emma Peterson. 

Learn about Home Depot’s acquisition of SRS Distribution and how it will advance the industry to the next level. 

Acquisitions are a common part of the industry, but it’s not every day that an industry giant like SRS Distribution is acquired by another huge player like Home Depot. In this episode of Roofing Road Trips®, Heidi J. Ellsworth gets the scoop from Kent Gardner, the president of SRS Distribution, about the acquisition and what this means for the future of both SRS and the industry as a whole.  

Kent describes this acquisition as a natural and logical extension of the work SRS has been doing since their founding 16 years ago. He explained, “We've just been trying to provide the best products, the best quality service to our contractors where they are, whenever they need it, where they need it, as they need it. And so, as you think through our growth trajectory over the course of the last 16 years, it's just we've gotten so big, our scale has expanded to a certain point where the contractors' needs are changing.” 

"This truly is a leap for the company, which boasted over 400 locations before the acquisition and will now have a relationship with over 2,000 Home Depot locations across North America. He explained, “The partnership with Home Depot is really an opportunity to support the customers even greater, even bigger than how we've done it in the past.” 

When it comes to how both entities will function in the relationship, Kent explained that it’s a slow and steady process. He shared, “Over the course of the next six months or so, it's still business as usual for us. We will capture some sales synergies, we will try to partner together, but what we don't want to do is try to slam this thing together and mess some things up for our customers. And so as we continue to figure out what's best for the customer, we will start rolling those initiatives out.” Overall, this acquisition will allow Home Depot to move into the contractor space, a new area for them, and allow SRS Distribution to provide more contractors with access to their great quality products and services. Kent summed it up, “This is a new chapter not just for us, but I think for the whole industry. 

Read the transcript or Listen to the podcast for more about the Home Depot’s acquisition of SRS Distribution.