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Headquarters: Atlanta, GA
2015 Revenues: $7.4 billion
Change in Sales from 2014: 6%
2015 Divestments: HD Supply Power Solutions
Key Executives: Joseph Deangelo, president & CEO; Brad Cowles, chief information officer; Evan Levitt, senior vice president & CFO
HD Supply continued the strategy of streamlining its company that began in fiscal 2014 into fiscal 2015. The diversified distributor sold its Power Solutions business to Anixter in August.
“If you look at the strategic rationale for the transaction for HD Supply, at the highest level it allows us to enhance our business mix, and it will accelerate our capital structure strategy,” President and CEO Joe DeAngelo told MDM after the deal. “We’re in the process of evaluating the precise application of the proceeds, but we intend to be able to utilize them entirely to reduce debt.”
In early 2016, HD Supply also sold its Interior Solutions unit.
But the company also invested in growth during the year. HD Supply on-boarded 100 customer-facing associates in facilities maintenance, 130 in waterworks and 70 in construction and industrial in 2015 and announced plans to open a leadership development and headquarters facility in Atlanta in early 2018.
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