Home Depot is the leading home improvement retailer in the United States, with a presence that spans across North America. Established in 1978 by Bernie Marcus and Arthur Blank, Home Depot started as a one-stop shop for all home improvement needs, offering a vast range of products, from construction materials to home appliances and garden supplies. Its business model, which focuses on delivering quality products at competitive prices, has made it a favorite among professional contractors and DIY enthusiasts alike.
Today, Home Depot operates over 2,300 stores in the USA, Canada, and Mexico, providing customers with tools, construction products, and services that range from home remodeling to installation. The company has diversified its offerings with an impressive online platform, making it convenient for customers to shop both in-store and online.
CEO and Founders of Home Depot
Home Depot was founded in 1978 by Bernie Marcus and Arthur Blank, along with Pat Farrah and Ken Langone, who helped secure funding for the venture. Their goal was to create a warehouse-style store that would offer a wide selection of home improvement products at low prices. This revolutionary concept helped Home Depot become a household name in the home improvement industry.
In 2024, the current CEO of Home Depot is Ted Decker, who took over the role in 2022. Decker has played a crucial role in accelerating Home Depot’s digital transformation and enhancing its customer experience, ensuring the company stays ahead in a highly competitive market. Under his leadership, Home Depot has expanded its e-commerce presence, further establishing itself as a dominant force in the home improvement sector.
List of Top Subsidiaries and Companies Owned by Home Depot
Over the years, Home Depot has expanded its reach by acquiring several companies that complement its core business. Below is a list of some top companies under Home Depot and their valuations:
| Company Name | Year Acquired/Founded | Valuation | Industry |
|---|---|---|---|
| Interline Brands | 2015 (Acquired) | $1.63 Billion | Maintenance, Repair, and Operations (MRO) |
| Redbeacon | 2012 (Acquired) | Undisclosed | Online Services Marketplace |
| Blinds.com | 2014 (Acquired) | $300 Million | Online Window Coverings Retailer |
| Compact Power Equipment | 2017 (Acquired) | $265 Million | Equipment Rental and Repair |
| The Home Decorators Collection | 2006 (Acquired) | Undisclosed | Home Furnishings and Decor |
| HD Supply | 2020 (Re-acquired) | $8.7 Billion | Industrial Distributor |
FAQs About Home Depot
Q1: When was Home Depot founded, and who were its founders?
A: Home Depot was founded in 1978 by Bernie Marcus, Arthur Blank, Pat Farrah, and Ken Langone with the vision of offering a one-stop-shop for home improvement products.
Q2: Who is the current CEO of Home Depot?
A: The current CEO of Home Depot is Ted Decker, who took over in 2022.
Q3: What types of products does Home Depot sell?
A: Home Depot sells a wide range of products, including building materials, home appliances, hardware, tools, garden supplies, and home furnishings.
Q4: What are some major acquisitions by Home Depot?
A: Some of Home Depot's major acquisitions include Interline Brands, Blinds.com, Redbeacon, Compact Power Equipment, and HD Supply.
Q5: How many stores does Home Depot operate?
A: Home Depot operates more than 2,300 stores across the USA, Canada, and Mexico.
Q6: Does Home Depot offer online shopping?
A: Yes, Home Depot has a robust online shopping platform, allowing customers to order products for home delivery or in-store pickup.
