A civil complaint revealed that the Atlanta-based retailer giant charged customers prices higher than its lowest advertised or posted prices.

The Home Depot saw a bump in revenue, part of which it credits to the $1.3 billion acquisition of SRS Distribution, the company said in its first earnings report since closing the deal.

The Home Depot, the nation’s largest home improvement retailer, finalized its $18.25 billion acquisition of SRS Distribution, enhancing its position in the building materials industry and expanding its market by an estimated $50 billion. 

Home Depot announced the mandatory waiting period under the Hart-Scott-Rodino Antitrust Improvements Act for its acquisition of SRS Distribution had expired on June 13, clearing a key regulatory hurdle.

See what people are saying about Home Depot’s blockbuster acquisition of SRS Distribution for $18.25 billion as reaction spreads industrywide.

Home Depot announced the acquisition of SRS Distribution for $18.25 billion, marking a strategic move, expanding its market and service options for Pro customers.

The Home Depot's new distribution centers will stock merchandise like lumber, insulation, roofing shingles and more, meaning pros can order job lot quantities of the products they need to complete their entire projects.

With three new tiers – Member, Elite, and VIP – professional contractors and builders will enjoy more benefits from Home Depot that keep growing as they spend.

The contractor participated in a scheme to use stolen or fraudulently created credit accounts to defraud Home Depot out of more than half a million dollars.