The Home Depot has completed the sale of HD Supply to a trio of private equity firms -Bain Capital, Clayton Dubilier & Rice, and Carlyle Group.
As announced earlier this week, the terms were as follows: Purchase price of $8.5 billion, The Home Depot to own a 12.5% equity interest for $325 million, and The Home Depot guaranteed a $1 billion senior secured loan.
The acquisition includes a portfolio of 11 businesses and HD Supply Canada. The company will retain the HD Supply name.
We are thrilled to be associated with this group of distinguished private equity firms, and we are excited about the tremendous opportunities that lie ahead for our associates, our customers and our new owners,” said Joe DeAngelo, CEO of HD Supply. “As an independent company, we can now accelerate our momentum in serving the comprehensive needs of our professional customers with the best products and customer service in the industry.   ;   ;
HD Supply is a wholesale distribution company focused on serving professional customers in the infrastructure, construction, maintenance, repair and remodel markets. HD Supply has nearly 1,000 locations and more than 26,000 associates.