Home Depot Subsidiary to Acquire Mingledorff’s
Key Highlights
- SRS Distribution is acquiring Mingledorff’s Inc., a prominent HVAC distributor with 42 locations in the southeastern U.S.
- This move marks SRS’s entry into the $100 billion HVAC distribution market, broadening its product offerings for contractors.
- Mingledorff’s leadership, including CEO David Kesterton, will continue to operate within SRS post-acquisition.
MCKINNEY, Texas and ATLANTA — SRS Distribution Inc., a subsidiary of The Home Depot, has entered into a definitive agreement to acquire Mingledorff’s Inc., a wholesale distributor of HVAC equipment, parts, and supplies.
Mingledorff’s operates 42 locations across five southeastern states, serving residential and commercial HVAC contractors. The acquisition marks SRS’s entry into HVAC distribution, adding a new vertical to its existing portfolio of specialty trade distribution businesses.
According to The Home Depot, the move is part of a broader strategy to expand offerings for professional contractors. HVAC distribution represents an estimated $100 billion market and increases the company’s total addressable market to approximately $1.2 trillion.
The addition of Mingledorff’s brings an established distribution network, product portfolio, and contractor relationships that complement SRS’s current operations. The company expects the combined capabilities to improve access to HVAC equipment, replacement parts, and supplies for contractors, while supporting more streamlined fulfillment.
SRS has previously focused on distribution in roofing, building products, interiors, and landscape and pool categories. The inclusion of HVAC is intended to strengthen its position in the fragmented building materials distribution market and provide a broader range of products to contractors, builders, and multifamily customers.
Mingledorff’s leadership team, including President and CEO David Kesterton, will remain in place following the transaction and continue to operate within the SRS organization.
The acquisition is subject to customary closing conditions, including regulatory approvals, and is expected to close in the second quarter of fiscal 2026. Financial terms were not disclosed.