Go behind the scenes of Ferguson and Grainger, learn what’s driving building material M&A, discover the distribution leaders of tomorrow and see what Amazon does better than anyone by checking out MDM’s most-read blogs from last month.
On HD Supply’s earnings call, CEO Joe DeAngelo and CFO Evan Levitt discussed the company’s M&A strategy following the divestiture of its Construction & Industrial – White Cap division. (Hint, it’s only a matter of time before the company is again acquisitive.)
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.
Materially changing market conditions caused by the COVID-19 pandemic have impacted the companys previously announced timeline to separate its Facilities Maintenance and Construction & Industrial businesses.
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