The 2020 Mid-Year Economic Update_long

Lowe’s Agrees to Acquire Maintenance Supply Headquarters

Acquisition will expand Lowe's product and service offerings for Pro customers.

Lowe's Companies Inc. (NYSE: LOW), Mooresville, NC, agreed to acquire Maintenance Supply Headquarters, a leading distributor of MRO products to the multifamily housing industry, for a total transaction value of $512 million. Based in Houston, TX, Maintenance Supply Headquarters operates 13 distribution centers serving customers in 29 geographic areas, primarily in the western, southeastern and south central U.S.

When combined with Lowe's November 2016 acquisition of Central Wholesalers, a MRO distributor in the mid-Atlantic and northeast, this acquisition will substantially expand Lowe's ability to serve the multifamily housing industry.

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