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. About 60 of White Caps sales are delivered to the job site the other 40 is purchased at the branch locations. Founded in 1976, White Cap, based in Costa Mesa, Calif., operates 70 branches throughout the United States and employs 1,720 people. The Atlanta-based company had sales of $6.1 billion in 2019. The total professional contractor market is estimated to be a 410 billion opportunity.
HD Supply operates 270 branches and 44 distribution centers in the U.S. If you are a professional contractor, this is the place to go. 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. 6 reviews of HD Supply White Cap 'Pretty obvious that D.F. "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." "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. HD Supply said it expects the deal to close in October 2020. Proceeds from the sales are expected to be $2.5 billion after taxes and transaction costs.
HD WHITECAP CONSTRUCTION SUPPLY REGISTRATION
Federal contractor registration details, location.
White Cap has a focus on distributing specialty concrete and construction products and services contractors in North America. SAM commercial entity registration and contact information for WHITE CAP CONSTRUCTION SUPPLY, INC. 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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