Mingledorff’s to be acquired by Home Depot’s SRS Distribution

HVAC distributor Mingledorff’s is set to be acquired by Home Depot subsidiary SRS Distribution for an undisclosed sum, the companies announced Tuesday. 

What’s happening: Founded in 1939, Mingledorff’s counts 42 locations across five Southeastern states and is the region’s largest Carrier and Bryant distributor. In 2024, it hit $1 billion in revenue for the first time. 

• SRS Distribution, which Home Depot acquired in 2024 for over $18 billion, is one of the nation’s largest roofing distributors. 

The big picture: The deal reflects the industry’s broader consolidation trend — among contractors and distributors alike — and builds on Home Depot’s stated strategy of building a scaled distribution platform to capture more contractor spending across trades. 

• Mingledorff’s brings an “extensive product portfolio, robust distribution network and established customer relationships that are highly complementary to SRS’s existing business,” the announcement states, adding that HVAC distribution represents a total addressable market of roughly $100 billion.

What they’re saying: “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,” Home Depot CEO Ted Decker said in a statement. 

• “By adding a quality HVAC platform alongside our premier roofing, interior and exterior building materials, landscape and pool businesses, we can offer our customers unmatched product options and streamlined fulfillment — all from a single, trusted distribution partner,” added SRS CEO Dan Tinker. 

Looking ahead: The transaction is expected to close in the second quarter.

• Representatives for SRS didn’t return Homepros’ request for comment, and Mingledorff’s declined to comment.

This article has been updated.