Core & Main

Last updated
Core & Main, Inc.
Company type Public company
Industry Distributor
Predecessor HD Supply Waterworks
FoundedAugust 2017 [1] / 1996 [2]
Headquarters St. Louis, Missouri, U.S.
Key people
Steve LeClair (CEO)
Jack Schaller (President)
ProductsDistributor of water, sewer and fire protection products
RevenueIncrease2.svg US$5 billion (2022)[ citation needed ]
Increase2.svg US$166 million (2022)[ citation needed ]
Number of employees
4,500 (2022) [2]
Website coreandmain.com

Core & Main, Inc., headquartered in St. Louis, Missouri, is a U.S. distributor of water, sewer and fire protection products.

Contents

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

CompanyHeadquarteredDateRef
Long Island Pipe Supply, Inc. Garden City, NY 2019-05-08 [7]
Maskell Pipe & Supply, Inc Corona, CA 2019-02-05 [8]
DCL Fabrication & Supply Bridgeton, MO 2019-01-21[ citation needed ]
Finish Line Systems Wheat Ridge, CO2018-08-15 [9]
DOT Sales CompanyFontana, CA 2018-07-31 [10]
St. Louis Fabrication & Supply St. Louis, MO 2018-06-18[ citation needed ]
Minnesota Pipe & Equipment Farmington, MN2017-09-28 [11]

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References

  1. coreandmain.com – About us
  2. 1 2 bloomberg.com – Core & Main LP
  3. wateronline.com – HD Supply Waterworks Changes Name To Core & Main
  4. bloomberg.com – Trading Companies and Distributor: Company Overview of HD Supply Waterworks Group and HD Supply Waterworks and Certain Other Waterworks Business Assets
  5. hdsupply.com – HD Supply Completes Sale of its Waterworks Business Unit to Clayton, Dubilier & Rice, 1 August 2017.
  6. "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.
  7. globenewswire.com –  Core & Main Signs Definitive Agreement to Acquire Long Island Pipe, 8 May 2019
  8. waterfm.com – Core & Main closes acquisition of Maskell Pipe & Supply
  9. inddist.com – Core & Main Adds To Waterworks, Acquires DOT Sales Company
  10. inddist.com – Core & Main Acquires DOT Sales Company, Adds to Growing Waterworks Business
  11. inddist.com – Core & Main to Acquire Minnesota Pipe & Equipment

38°41′30.9″N90°26′29.7″W / 38.691917°N 90.441583°W / 38.691917; -90.441583