Core & Main is No. 10 on MDM's 2022 Top Industrial Distributors list.
Latest In Core & Main
The wastewater, storm drainage and fire protection distributor agreed to acquire ‘substantially’ all of the assets of Lock City Supply Inc.
The St. Louis-based company also reported that fiscal 2021 fourth-quarter net sales were nearly $1.25 billion.
The distributor of water, wastewater, storm drainage and fire protection products reported a 38.7% increase in the fiscal 3Q of 2021.
November continued an upward trend in mergers and acquisitions seen during the prior month, as well as during this year’s third quarter.
The water, wastewater, storm drainage and fire protection products distributor has completed the acquisition, which was announced in October.
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Core & Main signs agreement to acquire Catalone Pipe & Supply Co., a full-service provider of waterworks products in Pennsylvania.
Distributor of water, wastewater, storm drainage and fire protection products says acquisition will expand service in the Midwest.
With the addition, Core & Main will beef up its HDPE (high-density polyethylene) products and services offering.
In Tuesday's earnings report, Core & Main’s net income decreased 47.5% in 2Q compared to the same quarter a year ago.
Core & Main’s L&M Bag & Supply deal was the company's 14th acquisition since becoming an independent entity in 2017.
Core & Main’s Pacific Pipe deal was the company's 13th acquisition since becoming an independent entity in 2017.
For its initial public offering, Core & Main is offering around 34.9 million shares at a price range of $20 to $23 per share.
Core & Main’s Pacific Pipe deal is the company's 14th transaction since becoming an independent entity in 2017.
Waterworks products distributor Core and Main picks Goldman Sachs & Co. and J.P. Morgan Securities as its leading underwriters.
Addition of Triple T allows Core & Main to better serve the West Texas region.
M&A volume hasn’t completely returned to pre-COVID volume, but last month saw decent activity and some multibillion-dollar deals, including two in building materials & construction and one involving a distribution ERP provider.
The former HD Supply Waterworks Business announced the completion of its 11th acquisition since being formed in 2017 as an independent, private equity-backed distributor; this latest deal will expand Core & Main’s reach in New Jersey.
