WS Investor
25 Mar 2026, 21:01
Home Depot expands HVAC distribution with Mingledorff’s acquisition
March 24, 2026 — The Home Depot, through its subsidiary SRS Distribution, has agreed to acquire HVAC distributor Mingledorff’s, expanding its presence in specialty trade distribution.
Mingledorff’s operates 42 locations across five southeastern U.S. states, serving residential and commercial customers with heating, ventilation, and air conditioning equipment and supplies. The acquisition adds HVAC as a new vertical for SRS, complementing its existing roofing, construction, and landscape businesses.
The deal increases Home Depot’s total addressable market to approximately $1.2 trillion, with HVAC distribution alone representing about $100 billion.
The transaction is expected to close in the second quarter of fiscal 2026, subject to regulatory approvals, and will be funded through cash and debt. Financial terms were not disclosed.
Home Depot said the move strengthens its ability to serve professional contractors with a broader product offering and integrated distribution platform.
PRNewswire
March 24, 2026 — The Home Depot, through its subsidiary SRS Distribution, has agreed to acquire HVAC distributor Mingledorff’s, expanding its presence in specialty trade distribution.
Mingledorff’s operates 42 locations across five southeastern U.S. states, serving residential and commercial customers with heating, ventilation, and air conditioning equipment and supplies. The acquisition adds HVAC as a new vertical for SRS, complementing its existing roofing, construction, and landscape businesses.
The deal increases Home Depot’s total addressable market to approximately $1.2 trillion, with HVAC distribution alone representing about $100 billion.
The transaction is expected to close in the second quarter of fiscal 2026, subject to regulatory approvals, and will be funded through cash and debt. Financial terms were not disclosed.
Home Depot said the move strengthens its ability to serve professional contractors with a broader product offering and integrated distribution platform.
PRNewswire
