The Home Depot, Inc.

Stocks

HD

US4370761029

Home Improvement Products & Services Retailers

Market Closed - NYSE Other stock markets 04:00:02 2026-06-29 pm EDT			After hours 08:00:00 pm
350.81 ^USD	+0.56%		349.28	-0.43%

Jun. 12	AI Likely to Become Functional Part Across Retail Operations, UBS Says	MT
Jun. 12	Gordon Haskett Adjusts Price Target on Home Depot to $330 From $320	MT

Home Depot to Buy HVAC Distributor Mingledorff's

Published on 03/24/2026 at 08:58 am EDT

Dow Jones

THE HOME DEPOT, INC.

+0.56%

By Colin Kellaher

Home Depot has struck a deal to buy Mingledorff's, a wholesale distributor of heating, ventilation and air conditioning equipment, parts and supplies, for an undisclosed amount.

Home Depot on Tuesday said Mingledorff's, which serves residential and commercial customers through 42 locations in five southeastern U.S. states, adds a new vertical to its SRS Distribution specialty trade distribution unit, which the company bought in 2024 for a total enterprise value topping $18 billion.

Home Depot said HVAC distribution represents a total addressable market of roughly $100 billion, adding that the deal will boost the home-improvement retail giant's market to $1.2 trillion.

Home Depot said it expects to complete the acquisition, which it plans to funded with cash on hand and debt, during the second quarter of its current fiscal year, which began on Feb. 2.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

03-24-26 0857ET

Latest news about The Home Depot, Inc.

Jun. 12	AI Likely to Become Functional Part Across Retail Operations, UBS Says	MT
Jun. 12	Gordon Haskett Adjusts Price Target on Home Depot to $330 From $320	MT
Jun. 10	Wall Street's Problem Is Not Just Inflation
Jun. 10	Wall Street Sees Red as Tech and Trump Weigh on Sentiment
Jun. 04	Jefferies Adjusts Price Target on Home Depot to $360 From $361, Maintains Buy Rating	MT
May. 26	Declaration of Voting Results by The Home Depot	CI
May. 26	Declaration of Voting Results by The Home Depot	CI
May. 26	Declaration of Voting Results by The Home Depot	CI
May. 26	Declaration of Voting Results by The Home Depot	CI
May. 26	Declaration of Voting Results by The Home Depot	CI
May. 26	Declaration of Voting Results by The Home Depot	CI
May. 26	Declaration of Voting Results by The Home Depot	CI
May. 21	Home Depot Keeps Quarterly Dividend at $2.33 per Share, Payable June 18 to Holders of Record June 4	MT
May. 21	ROI-Can Wall Street boom soothe workers' pain?: McGeever	RE
May. 21	Argus Adjusts Price Target on Home Depot to $400 From $425, Maintains Buy Rating	MT

Chart The Home Depot, Inc.

Duration

Period

HD: Dynamic Chart

Company Profile

The Home Depot, Inc. is the world's leading retail distributor of residential remodeling products. Net sales break down by family of products as follows: - building materials, electrical, lighting, millwork and plumbing products (33.1%); - household appliances, decoration and storage products, flooring, paints, kitchen and bathroom materials (32.5%); - hardware, DIY products and garden accessories (30.4%); - other (4%). As of 02/02/2025, the products are marketed through a network of 2,347 stores (of which 2,025 in the United States, 182 in Canada and 140 in Mexico). The United States accounts for 92.2% of net sales.

Employees

472,400

Sector

Home Improvement Products & Services Retailers

Calendar

Aug. 18 - Earnings release - Q2 2027

More about the company