Core & Main Files for IPO

Waterworks products distributor Core and Main picks Goldman Sachs & Co. and J.P. Morgan Securities as its leading underwriters.
Core & Main signs agreement to acquire Catalone Pipe & Supply Co., a full-service provider of waterworks products in Pennsylvania.

Core & Main LP, St. Louis, Missouri, announced on Friday that it plans to go public after filing paperwork with the U.S. Securities and Exchange Commission (SEC) for its initial public offering (IPO).

The company filed a registration statement with an S-1 form  with the SEC detailing its plans to go public. Core & Main said in its press release that its shares will be offered by a group of underwriters led by Goldman Sachs & Co. and J.P. Morgan Securities.

Core & Main, which is a distributor of water, wastewater, storm drainage and fire protection products, was sold by HD Supply in 2017 to private investment firm Clayton, Dubilier & Rice for $2.5 billion. Core & Main’s specialty products and services are used in the maintenance, repair, replacement and construction of water and fire protection infrastructure.

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