More than a handful of MDM’s Top Distributors were well-represented on the third annual feature.
Latest In HD Supply
HD Supply named Marc Brown CEO. Brown most recently served as The Home Depot's Senior Vice President of Supply Chain.
After re-acquiring HD Supply in 2020, The Home Depot reveals plans for the MRO distributor's role in expanding market reach.
MRO distributor HD Supply has closed its first acquisition since being re-acquired by Home Depot in late 2020.
For its initial public offering, Core & Main is offering around 34.9 million shares at a price range of $20 to $23 per share.
For the fourth quarter, the big-box retailer — and now the owner of distributor HD Supply — reported sales grew 25.1% to $32.3 billion.
Home improvement B2C and B2B giant has opened 1.5 million-square-foot distribution center in the Dallas-Fort Worth metro area
Home improvement giant officially welcomes back distribution arm it had spun off to private equity in 2007.
During the quarter ended Nov. 1, HD Supply completed the sale of its construction and industrial business to a private equity buyer for $2.8 billion.
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.
Building materials distributor HD Supply returns to the company that had sold it to private equity in 2007, though HD Supply went public in 2013 and has since reshaped its portfolio.
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.)
Sales in the construction and industrial business — the division that HD Supply is selling to a private equity buyer for $2.9 billion — decreased 11.7% in 2Q.
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.
It is not business as usual in distribution, as reflected by the most-read blogs on MDM.com this month.
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.
Now that HD Supply has shifted gears to sell White Cap to private equity firm Clayton, Dubilier and Rice for $2.9 billion, look for more shifts within the industrial distribution landscape.
HD Supply had originally planned to spin off the Construction & Industrial – White Cap business into a separate publicly traded company.
Construction and industrial sales decreased 1.1% in the fiscal first quarter.
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.
