SRS Distribution Acquires HVAC Distributor
Originally Published by: HBS Dealer — March 24, 2026
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SRS Distribution Inc., a subsidiary of The Home Depot, agreed to acquire Mingledorff's, Inc., a wholesale distributor of heating, ventilation and air conditioning equipment, parts and supplies, serving residential and commercial customers through 42 locations in five states across the southeastern U.S.
The move brings a new specialized business—HVAC—to Home Depot's growing portfolio of niches.
“The momentum we've seen in the SRS business is a testament to its strong customer value proposition and execution,” said Ted Decker, chair, president and CEO of The Home Depot. “SRS is a growth engine for The Home Depot, and we continue to drive significant synergies that enable us to bring more innovation and value to our pro customers. The addition of Mingledorff's will give us an incredible opportunity to build an enterprise-wide platform in HVAC equipment, replacement parts and supplies, creating another entry point into the broader distribution space.”
Mingledorff's leadership team, including David Kesteron, president and CEO, will continue to lead Mingledorff's as part of the SRS organization. Mingledorff's is based in Peachtree Corners, Georgia.
“Joining forces with SRS and The Home Depot marks an incredible new chapter in our company's history and gives us a powerful platform to broaden our reach and impact,” said Kesterton, “As a family-owned business with a long-standing heritage of service, we have always prioritized deep partnerships and an unwavering commitment to our customers' success. We're excited to expand our service-first mission while becoming an integral part of the premier destination for Pros in the industry.”
In the Tuesday morning announcement, The Home Depot said it is building differentiated offerings and capabilities to better serve pro customers. Through its subsidiary SRS, the company points to a leading position in specialty trade distribution across multiple verticals including roofing and building products, interior and construction products, landscape and pool. SRS's acquisition of Mingledorff's adds HVAC distribution as a new vertical, the company said.
HVAC distribution represents a total addressable market of approximately $100 billion and will increase The Home Depot's total addressable market to $1.2 trillion, according to Home Depot.
The closing of the acquisition is expected to be completed during the second quarter of fiscal 2026. Currently, SRS operates 1,250 locations.