Core & Main

Core & Main, Inc.
Company typePublic company
IndustryDistributor
PredecessorHD Supply Waterworks
FoundedAugust 2017[1]/ 1996[2]
HeadquartersSt. Louis, Missouri, U.S.
Key people
Steve LeClair (CEO)
Jack Schaller (President)
ProductsDistributor of water, sewer and fire protection products
RevenueIncrease US$5 billion (2022)[citation needed]
Increase US$166 million (2022)[citation needed]
Number of employees
4,500 (2022)[2]
Websitecoreandmain.com

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, CA 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, CA 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

  1. ^ coreandmain.com – About us
  2. ^ a b 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
  • Official website
  • Business data for Core & Main, Inc.:


38°41′30.9″N 90°26′29.7″W / 38.691917°N 90.441583°W / 38.691917; -90.441583