6309 Monarch Park Place, Suite 203
Niwot, CO 80503, USA
Phone (303) 443-5060
Toll free (888) 742-5060
Apex Supply, Atlanta, GA, was acquired by HD in early 2000. Apex is a Southeast regional plumbing supplies and HVAC distributor, and at the time of the deal had 21 locations in Georgia, Tennessee and South Carolina with 525 employees. It is the largest independent distributor of Trane products. Apex has also been rolled into the Home Depot Supply division.
"The Home Depot Supply is expanding its business by growing organically and acquiring best-in-class companies that share our commitment to customer service, operational excellence and growth," said Joe DeAngelo, president, The Home Depot Supply.
"Key business-to-business opportunities that add new customer channels are a vital part of our strategy," said DeAngelo. "We were attracted to National Waterworks because of its top position in the industry, use of customer facing technology to differentiate itself and the track record of its leadership team. We are pleased that they will continue to play a critical role in driving growth for the organization."
"Based on government and industry estimates, our nation's water infrastructure is aging rapidly. In fact, by 2020 more than 50 percent of our nation's water infrastructure will be outdated and will need significant replacement and repair," said Harry K. Hornish, Jr., president and CEO of National Waterworks. "We are poised to play a significant role in helping our public and private sector customers meet this challenge.
We are excited about joining forces with The Home Depot Supply to capture this market and provide top-notch products and services to municipalities, counties and contractors nationwide."
In addition to the pending acquisition of National Waterworks, The Home Depot recently acquired Utility Supply of America (USABlueBook). USABluebook is a leading national catalog distributor of MRO (maintenance, repair and operations) supplies to the water and wastewater treatment industry.
The National Waterworks agreement is anticipated to close by the end of August, and terms were not disclosed. Completion of the transaction is subject to customary conditions.
Founded in 1978, The Home Depot is the world's largest home improvement specialty retailer and the second largest retailer in the United States, with fiscal 2004 sales of $73.1 billion. The company employs approximately 325,000 associates and has 1,950 stores in 50 states, the District of Columbia, Puerto Rico, 10 Canadian provinces and Mexico. The company recently announced the creation of a business development operation for retail expansion into China.