Company:Core & Main
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Short description: American industrial company
| File:Logo Core&Main.svg | |
| Type | Public company |
|---|---|
| Industry | Distributor |
| Predecessor | HD Supply Waterworks |
| Founded | August 2017[1]/ 1996[2] |
| Headquarters | St. Louis, Missouri, U.S. |
Key people | Steve LeClair (CEO) Jack Schaller (President) |
| Products | Distributor of water, sewer and fire protection products |
| Revenue |  US$5 billion (2022)[citation needed] |
| US$166 million (2022)[citation needed] | |
Number of employees | 4,500 (2022)[2] |
| Website | coreandmain |
Core & Main, Inc., headquartered in St. Louis, Missouri, is a U.S. distributor of water, sewer and fire protection products.
History
On 1 August 2017, Clayton, Dubilier & Rice acquired the Waterworks division of HD Supply and changed its name to Core & Main.[3][4] Goldman Sachs & Co, LLC served as financial advisor and King & Spalding served as legal counsel to HD Supply on the transaction.[5] SEC filings from December 2014 show that The Carlyle Group and Clayton, Dubilier, & Rice had sold off their holdings of HD Supply[6] 3 years before this purchase of the Waterworks division.
Acquisitions
| Company | Headquartered | Date | Ref |
|---|---|---|---|
| Long Island Pipe Supply, Inc. | Garden City, NY | 2019-05-08 | [7] |
| Maskell Pipe & Supply, Inc | Corona, California | 2019-02-05 | [8] |
| DCL Fabrication & Supply | Bridgeton, MO | 2019-01-21 | [citation needed] |
| Finish Line Systems | Wheat Ridge, CO | 2018-08-15 | [9] |
| DOT Sales Company | Fontana, California | 2018-07-31 | [10] |
| St. Louis Fabrication & Supply | St. Louis, MO | 2018-06-18 | [citation needed] |
| Minnesota Pipe & Equipment | Farmington, MN | 2017-09-28 | [11] |
References
- ↑ coreandmain.com – About us
- ↑ 2.0 2.1 bloomberg.com – Core & Main LP
- ↑ wateronline.com – HD Supply Waterworks Changes Name To Core & Main
- ↑ bloomberg.com – Trading Companies and Distributor: Company Overview of HD Supply Waterworks Group and HD Supply Waterworks and Certain Other Waterworks Business Assets
- ↑ hdsupply.com – HD Supply Completes Sale of its Waterworks Business Unit to Clayton, Dubilier & Rice, 1 August 2017.
- ↑ "HD Supply Holdings, Inc. Announces Pricing of Sale of 40,661,072 Shares of Common Stock by Selling Stockholders". HD Supply. December 11, 2014. http://ir.hdsupply.com/releasedetail.cfm?releaseid=887236.
- ↑ globenewswire.com – Core & Main Signs Definitive Agreement to Acquire Long Island Pipe, 8 May 2019
- ↑ waterfm.com – Core & Main closes acquisition of Maskell Pipe & Supply
- ↑ inddist.com – Core & Main Adds To Waterworks, Acquires DOT Sales Company
- ↑ inddist.com – Core & Main Acquires DOT Sales Company, Adds to Growing Waterworks Business
- ↑ inddist.com – Core & Main to Acquire Minnesota Pipe & Equipment
External links
- Official website
- Business data for Core & Main, Inc.:
[ ⚑ ] 38°41′30.9″N 90°26′29.7″W / 38.691917°N 90.441583°W
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