Specialty Distribution
The specialty distribution sector, which operates within Houlihan Lokey’s Industrials Group, has earned a reputation for providing superior service and achieving outstanding results in M&A advisory, capital-raising, restructuring, and financial and valuation advisory services.
Our transaction quality and client work benefit from our company culture, where financial professionals are highly engaged in the execution of client projects, and from our experience as leaders in the market for more than a decade, which has given our professionals valuable exposure to a variety of situations and challenges. In 2025, our Industrials Group was ranked as the No. 1 M&A advisor for global industrials transactions under $5 billion.
2025 M&A Advisory Rankings—Global Industrials Transactions Under $5 Billion
| Advisor | Deals |
|---|---|
| Houlihan Lokey | 71 |
| Goldman Sachs | 71 |
| Mizuho Financial Group | 70 |
| Rothschild | 69 |
| JP Morgan | 64 |
| Morgan Stanley | 64 |
Subsectors
How We Can Help
Our firm is extremely well equipped to help our clients navigate uncertainty and capitalize on opportunity. We respond quickly to challenging situations and are constantly helping clients analyze, structure, negotiate, and execute the best possible solutions from both strategic and financial perspectives.
Corporate Finance
- Mergers and Acquisitions
- Capital Solutions
- Board Advisory Services
Financial Restructuring
- Company Advisory
- Creditor Advisory
Financial and Valuation Advisory
- Portfolio Valuation and Fund Advisory
- Transaction Opinions
- Corporate Valuation Advisory Services
- Transaction Advisory Services
- Real Estate Valuation and Advisory
- Dispute Resolution Consulting
Contact Us
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Reed Anderson Managing Director Head of Industrials, North America, Co-Head of Specialty Distribution
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Tony Meixelsperger Managing Director Co-Head of Specialty Distribution
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André Hilton Managing Director
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Masaki Kunishige Managing Director Vice Chairman-Japan
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Philipp Widmann Managing Director
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Ben Blohm Director
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Henning Stoltze Director
Selected Transactions
Mingledorff's has been acquired by SRS Distribution, a subsidiary of The Home Depot
Sellside Advisor
Houlihan Lokey is pleased to announce that Mingledorff’s has been 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. The transaction closed on May 11, 2026.
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.
