Home Depot Expands Pro Tools and Footprint
Home Depot is opening 12 new stores across eight states, acquiring an HVAC distributor, and rolling out AI-powered material quoting and digital tools for pros—pushing deeper into pro services despite a slow housing market. The moves include new project-creation tools that are already generating thousands of weekly project plans. (simplywall.st) (housingwire.com) (pymnts.com)
SRS Distribution agreed to buy Mingledorff’s, a wholesale HVAC distributor headquartered in Peachtree Corners, Georgia that operates 42 locations across five southeastern states. (prnewswire.com) Home Depot says HVAC distribution represents an approximately $100 billion market and that adding Mingledorff’s raises its total addressable market to about $1.2 trillion; the company expects the transaction to close in the second quarter of fiscal 2026 and plans to fund the deal with cash on hand and debt. (prnewswire.com) SRS already runs more than 1,250 distribution locations across North America, and Mingledorff’s—founded in 1939—will keep its leadership team in place, with CEO David Kesterton expected to remain after the acquisition. (distributionstrategy.com) Home Depot formally unveiled the upgraded Pro digital workspace on March 18, 2026, naming features such as Project Planning and the Material List Builder AI that “interprets project intent” to produce actionable material lists in seconds. (ir.homedepot.com) Industry reporting notes the Project Planning and related project-creation tools are already producing roughly 10,000 projects created each week on the platform, a metric Home Depot observers cite as a usage benchmark. (housingwire.com) The company’s store expansion rollout cites more than 1.6 million square feet of new retail space and highlights store-level tech like “Magic Apron” for product advice and AI-powered blueprint takeoff services; the Leander, Texas location (Store #1348) is listed as a 146,000-square-foot example that will add 150+ jobs. (corporate.homedepot.com) Analysts and trade outlets frame the acquisition and digital upgrades as a horizontal move into specialty trade distribution that heightens competitive pressure on independent distributors and blurs retail/distribution boundaries for professional contractors. (distributionstrategy.com)
