The Home Depot Inc., a major home improvement store, was founded in 1978 by Bernie Marcus and Arthur Blank, avid DIYers. Their idea was to create a superstore with a wide range of products at a reasonable price, along with knowledgeable staff who could guide customers through most kinds of home repairs and improvements.
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Home Depot has focused on catering to contractors of all kinds and DIY consumers by providing personalized service throughout its experience. This service is backed by an experienced team of experts who can assist customers in using a power tool, changing a valve, and even laying tile.
The acquisitions of Home Depot reflect this method. The company has focused its efforts on deals that will strengthen its core business by introducing more products and highly-trained experts in specific home improvement areas. Sales to professional builders as well as contractors are now a significant element of its business. Although Home Depot’s primary business is brick-and-mortar stores, It has also expanded its reach by purchasing online businesses with a solid customer-focused history.
Below, we examine five of Home Depot’s most important acquisitions.
Compact Power Equipment Inc.
Compact Power Equipment, founded by businessman Roger Braswell, provides rental equipment such as cranes, excavators, tractors, and trenchers. Compact Power Equipment first formed a long-term commercial relationship with Home Depot in 2009 that was the first time that rentals were made for 115 stores of Home Depot throughout six states.
In 2017, Home Depot acquired the company that provides equipment rental in over 1,000 Home Depot stores throughout the United States and Canada. The acquisition expands Home Depot’s products and services to business professionals.
- Equipment rental and maintenance services
- Acquisition price: $265 million
- Acquisition date: July 6, 2017 (announced date)
Interline Brands Inc.
Interline Brands was founded in 1978 under Wilmar Industries Inc. Interline Brands provides maintenance repairs, operations, and maintenance products for professional contractors and facilities maintenance specialists, hardware stores, and other customers across the United States, Canada, and Puerto Rico.
Home Depot acquired Interline Brands in 2015 for just under $1.6 billion. The acquisition broadened Home Depot’s services and sales to professional contractors and repair companies by adding a highly experienced sales force for accounts with fulfillment capabilities and a comprehensive distribution system.
- Distributor and direct marketer of building products
- Acquisition price: $1.6 billion
- Acquisition date: Aug. 24, 2015
Blinds.com is a product that has its roots in the website NoBrainerBlinds.com that first started selling shades and blinds in June 1996. The company specializes in online sales of window coverings with live chat and face-to-face video consultation.
Home Depot acquired Blinds.com in 2014 when the market for online window coverings was expanding rapidly. The acquisition has helped boost the presence of Home Depot’s online store.
- Online window coverings retailer
- Acquisition price: Terms of the deal undisclosed
- Acquisition date: Jan. 23, 2014
Redbeacon has been awarded its 2009 TechCrunch 50 award, established in 2008 by ex-Google staffers Aaron Lee, Ethan Anderson, and Yaron Binur. The company offers an online search directory that includes local business listings with ratings and reviews of reviewed and certified home contractors. Visitors to the site can obtain multiple price estimates and book meetings with local business professionals.
In 2012, Home Depot acquired Redbeacon, and the parent company is called Pro Referral. This acquisition is a further instance that shows how Home Depot has expanded and expanded its online services.
- Online home improvement services
- Acquisition price: Terms of the deal undisclosed
- Acquisition date: Jan. 20, 2012 (announced date)
HD Supply Holdings Inc. was established in 1974 as Maintenance Warehouse. It was acquired by Home Depot originally acquired Maintenance Warehouse in 1997 and then changed its name to Home Depot Supply and then HD Supply. In 2007 Home Depot sold HD Supply to an investment group made up of private equity companies.
When home depot reacquired HD Supply in the latter half of 2020, the business was now comprised of 44 distribution centers in Canada, the United States, and Canada. It was now a leading supplier for maintenance repair as well as operations items. The acquisition strengthens Home Depot’s MRO presence in the multifamily and hospitality market.
- Wholesale distributor of maintenance, repair, and operations products
- Acquisition price: Approximately $8 billion
- Acquisition date: Dec. 24, 2020