Houlihan Lokey Advises Mingledorff’s

Houlihan Lokey is pleased to announce that Mingledorff’s has entered into a definitive agreement to be acquired by SRS Distribution Inc., a subsidiary of The Home Depot. Houlihan Lokey served as the exclusive financial advisor to Mingledorff’s and assisted in initiating, structuring, and negotiating the transaction on its behalf. This transaction highlights our continued success advising market-leading specialty distributors of residential and commercial HVAC equipment, parts, and supplies, as well as our success delivering superior client service with outstanding results.

Founded in 1939 and headquartered in Peachtree Corners, Georgia, Mingledorff’s is a leading wholesale distributor of HVAC equipment, parts, and supplies to its residential and commercial professional customer base. With 42 locations across five states in the southeastern U.S., Mingledorff’s provides contractors with an extensive HVAC product assortment blended with a best-in-class customer experience.

Founded in 2008 and headquartered in McKinney, Texas, SRS Distribution has grown to become one of the fastest-growing building products distributors in North America. Since the company’s inception, it has established a differentiated growth strategy and entrepreneurial culture that is focused on serving customers, partnering with suppliers, and attracting the industry’s best talent. SRS Distribution, a wholly owned subsidiary of The Home Depot, currently operates under a family of distinct local brands encompassing more than 1,250 locations across all 50 states and five Canadian provinces.

The Home Depot is the world’s largest home improvement specialty retailer. At the end of fiscal 2025, the company operated a total of 2,359 retail stores and more than 1,250 SRS Distribution locations across all 50 states, the District of Columbia, Puerto Rico, the U.S. Virgin Islands, Guam, 10 Canadian provinces, and Mexico. The company employs more than 470,000 associates. The Home Depot’s stock is traded on the New York Stock Exchange (NYSE:HD) and is included in the Dow Jones Industrial Average and Standard & Poor’s 500 Index.

RELATED: Industrials, Specialty Distribution, Mergers & Acquisitions