![]() In March, the rise of the COVID-19 crisis forced HD Supply put plans on hold that would have seen the company separate its facilities maintenance business from the construction and industrial division into two independent businesses.Ĭlayton, Dubilier & Rice is a private investment firm with offices in New York and London. The Atlanta-based company had sales of $6.1 billion in 2019. HD Supply operates 270 branches and 44 distribution centers in the U.S. Once the deal is completed, John Stegeman, White Cap’s CEO, and Alan Sollenberger, White Cap’s president, are expected to continue to lead the construction and industrial business, which will include the White Cap, Home Improvement Solutions and Brafasco businesses. "This transaction will enable the HD Supply leadership team to intensify our focus on facilities maintenance, while also returning capital to our HD Supply shareholders." Our extensive inventory, combined with will call, site delivery and direct ship options, enable us to deliver the products you need when and where you need them. CD&R is buying HD Supply Construction & Industrial once and now again known as White Cap. "After a detailed evaluation, we determined that a sale of our White Cap business unit to Clayton, Dubilier & Rice is in the best interests of our HD Supply stockholders,” said Joe DeAngelo, HD Supply chairman, president and CEO. White Cap Description on HDSupply: HD Supply White Cap is the nation's leading distributor of specialty hardware, tools and materials for large and medium-sized contractors. HD Supply said it expects the deal to close in October 2020. #HD WHITECAP CONSTRUCTION SUPPLY PROFESSIONAL#If you are a professional contractor, this is the place to go. Proceeds from the sales are expected to be $2.5 billion after taxes and transaction costs. 6 reviews of HD Supply White Cap 'Pretty obvious that D.F. White Cap has a focus on distributing specialty concrete and construction products and services contractors in North America. Access HD Supply Construction & Industrial - White Cap Construction Supply Executive Summary Report of Active Projects, Projects Currently Bidding and Key. HD Supply Holdings has entered into an agreement to sell its construction and Industrial “White Cap” business segment to an affiliate of Clayton, Dubilier & Rice for a purchase price of $2.9 billion in cash. ![]()
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