The Home Depot Acquires Mingledorff's to Expand HVAC Business
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 11 2026
0mins
Source: PRnewswire
- Acquisition Completed: On May 11, 2026, SRS Distribution, a subsidiary of The Home Depot, finalized its acquisition of Mingledorff's, a leading HVAC wholesale distributor with 42 locations in the southeastern U.S., enhancing SRS's competitive edge in the professional contractor market.
- Market Penetration Boost: This acquisition expands The Home Depot's total addressable market in HVAC parts and supplies to approximately $1.2 trillion, indicating the company's strategic focus on serving professional customers by offering a more comprehensive range of products and services to increase market share.
- Synergies Realized: CEO Ted Decker stated that the addition of Mingledorff's will drive SRS's high-growth distribution engine and facilitate cross-selling synergies, thereby providing professional customers with a more complete inventory and expertise, further solidifying its market leadership.
- Customer Experience Enhancement: SRS CEO Dan Tinker emphasized that by integrating Mingledorff's HVAC expertise, SRS will deliver a more seamless service experience for professional customers, aiding their business growth and showcasing The Home Depot's comprehensive strength in the construction industry.
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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: 310.690
Low
320.00
Averages
401.47
High
441.00
Current: 310.690
Low
320.00
Averages
401.47
High
441.00
About HD
The Home Depot, Inc. is a home improvement retailer. It offers its customers an assortment of home improvement products, building materials, lawn and garden products, decor products, and facilities maintenance, repair, and operations (MRO) products, in stores and online. It also provides a number of services, including home improvement installation services, and tool and equipment rental. It operates over 2,359 stores located throughout the U.S. (including the Commonwealth of Puerto Rico and the territories of the U.S. Virgin Islands and Guam), Canada, and Mexico. Its stores average over 104,000 square feet of enclosed space, with over 24,000 additional square feet of outside garden area. It also maintains a network of distribution and fulfillment centers, as well as mobile applications and e-commerce websites in the U.S., Canada, and Mexico. It 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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- Traffic and Revenue Growth: Despite a 3% year-over-year decline in traffic to Zillow's mobile apps and website, the company achieved an 18% revenue increase, demonstrating its profitability during market downturns, supported by a massive user base of 220 million monthly active users.
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