Jefferies says Mingledorff’s deal expands Home Depot-SRS’ TAM by $100B

Group 1 - The acquisition of Mingledorff's by Home Depot and SRS Distribution expands their total addressable market (TAM) by $100 billion [1] - This acquisition provides a solid foundation for future growth in the HVAC distribution vertical [1] - Home Depot's consolidation of the building products distribution landscape is expected to support long-term earnings power [1]