Home Depot to Buy , Professional Contractor Supplier , SRS Distribution.
The deal, valued at $18.25 billion, will be
Home Depot's largest acquisition ever, AP reports. .
Home Depot CEO Ted Decker issued a statement.
SRS has built a robust and successful
platform that will accelerate our growth
with the residential professional customer
while presenting future opportunities
with the specialty trade pro, Home Depot CEO Ted Decker, via statement.
SRS has over 760 branches throughout 47 states.
Its fleet consists of more than 4,000 trucks,
many of which have jobsite delivery capabilities.
SRS CEO Dan Tinker also issued a statement.
We are looking forward to
combining our differentiated
assets and capabilities, including
our extensive branch network,
experienced sales team, , SRS CEO Dan Tinker, via statement.
... robust trade credit offering,
and order management system,
geared at serving the complex project
purchase occasion, with The Home
Depot’s competitive advantages, SRS CEO Dan Tinker, via statement.
We believe this will enable us to
better serve pros and continue
growing in our large and
highly fragmented market, SRS CEO Dan Tinker, via statement.
Tinker will continue to lead Texas-based SRS.
The deal will likely be finalized
"by the end of fiscal 2024," AP reports.
Credit: Wibbitz Top Stories Duration: 01:30Published
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These US Cities, Have the Highest Populations of, Millionaires.
According to a report by Henley & Partners,
the United States remains the top country in the
world for private wealth creation and accumulation.
Quartz reports that the U.S. accounts
for about 32% of global liquid investable
wealth, valued at approximately $67 trillion.
Here are some of the cities
with the largest populations of
millionaires, according to the report.
Austin, This Texas city had the biggest explosion
in millionaire growth in the U.S. over the past
ten years, reaching 32,700 by the end of 2023. .
Miami, This Florida city is home to
35,300 millionaires and 15 billionaires,
including Amazon CEO Jeff Bezos.
Boston, While having just eight billionaires,
the fewest of any other city on the list,
this New England city is home to , 42,900 millionaires.
Seattle, This Washington State city is the home of
some of the largest corporations in the U.S.,
including Amazon and Microsoft. It's also
home to 54,200 millionaires and 11 billionaires. .
Chicago, Approximately 120,500 millionaires
live in this Midwestern metropolis. .
Los Angeles, The second-most populous city in the U.S. has about, 212,100 millionaires and 43 billionaires.
San Francisco, The tech hub of the U.S. boasts the most
billionaires with a whopping 68, as well as
the second-most millionaires with 305,700. .
New York, The city with the most high
net worth individuals has about , 349,500 millionaires
and 60 billionaires
Credit: Wibbitz Top Stories Duration: 01:31Published