Home Depot Subsidiary Acquires Mingledorff's
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 5 days ago
0mins
Should l Buy HD?
Home Depot subsidiary SRS Distribution has entered into a definitive agreement to acquire Mingledorff's, a wholesale distributor of heating, ventilation and air conditioning, or HVAC, equipment, parts and supplies, serving residential and commercial customers through 42 locations in five states across the southeastern U.S. CEO David Kesterton, as well as his senior leadership team, will continue to lead Mingledorff's as part of the SRS organization. The closing of the acquisition is subject to customary closing conditions, including regulatory approvals, and is expected to be completed during Q2. The transaction is expected to be funded through cash on hand and debt. The company does not expect this acquisition to impact the return to its target 2.0x leverage ratio, which is anticipated to occur by the end of Q2 of FY27. Financial terms of the transaction were not disclosed.
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Analyst Views on HD
Wall Street analysts forecast HD stock price to rise
23 Analyst Rating
17 Buy
5 Hold
1 Sell
Moderate Buy
Current: 328.430
Low
320.00
Averages
401.47
High
441.00
Current: 328.430
Low
320.00
Averages
401.47
High
441.00
About HD
The Home Depot, Inc. is a home improvement specialty retailer. The Company offers an assortment of building materials, home improvement products, lawn and garden products, decor products, and facilities maintenance, repair, and operations products, in stores and online. It also provides various services, including home improvement installation services, and tool and equipment rental. The Company operates approximately 2,353 retail stores, over 800 branches and more than 325 distribution centers that directly fulfill customer orders across all 50 states, the District of Columbia, Puerto Rico, the U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico. Its stores average approximately 105,000 square feet of enclosed space, with approximately 24,000 additional square feet of outside garden area. The Company serves two primary customer groups, including both do-it-yourself (DIY) and Do-It-For-Me (DIFM) customers and Professional Customers (Pros).
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Cautious Earnings Outlook: Despite beating earnings expectations in its latest quarter, Lowe's reported a decline in operating income and anticipates comparable sales to be flat or up 2% for 2026, reflecting the challenges posed by the current market environment.
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See More
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See More
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- Live Streaming and Archiving: The forum will be streamed live at 9:00 AM ET, with an archived version available on the company’s website approximately one hour after the live event, enhancing transparency for investors unable to attend in real-time.
- Company Scale and Impact: As of fiscal year 2025, Home Depot operates 2,359 retail stores and over 1,250 SRS locations globally, employing more than 470,000 people, showcasing its significant influence in the home products retail market.
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See More
