Core & Main
Core & Main, headquartered in St. Louis, Missouri, is a U.S. distributor of water, sewer and fire protection products.
 | |
| Type | Private company |
|---|---|
| Industry | Distributor |
| Predecessor | HD Supply Waterworks |
| Founded | August 2017[1]/ 1996[2] |
| Headquarters | St. Louis, Missouri, USA |
Key people | Steve LeClair, CEO Jack Schaller, President |
| Products | Distributor of water, sewer and fire protection products |
| Revenue |  $2.9 billion USD (2019)[3] |
Number of employees | 3,000 (2019)[2] |
| Website | coreandmain.com |
History
On 1 August 2017, Clayton, Dubilier & Rice acquired the Waterworks division of HD Supply for US$2.5 billion,[3] and changed its name to Core & Main.[4][5] Goldman Sachs & Co, LLC served as financial advisor and King & Spalding served as legal counsel to HD Supply on the transaction.[6] SEC filings from December 2014 show that The Carlyle Group and Clayton, Dubilier, & Rice had sold off their holdings of HD Supply[7] 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 | [8] |
| Maskell Pipe & Supply, Inc | Corona, CA | 2019-02-05 | [9] |
| DCL Fabrication & Supply | Bridgeton, MO | 2019-01-21 | [3] |
| Finish Line Systems | Wheat Ridge, CO | 2018-08-15 | [10] |
| DOT Sales Company | Fontana, CA | 2018-07-31 | [11] |
| St. Louis Fabrication & Supply | St. Louis, MO | 2018-06-18 | [3] |
| Minnesota Pipe & Equipment | Farmington, MN | 2017-09-28 | [12] |
References
- coreandmain.com – About us
- bloomberg.com – Core & Main LP
- crunchbase.com – Core & Main
- 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. Archived from the original on January 20, 2015. Retrieved May 2, 2019.
- 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
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