Did Anixter buy HD Supply?
Did Anixter buy HD Supply?
Anixter International Inc. recently announced it would acquire HD Supply’s Power Solu- tions division, one of its core lines of business. This article looks at how the $825 million deal benefits both companies.
Did Home Depot buy HD Supply?
ATLANTA, GA — The Home Depot, the world’s largest home improvement retailer, has completed the acquisition of HD Supply Holdings, Inc., for a total enterprise value (including net cash) of approximately $8 billion.
What is HD Supply always on the job?
About HD Supply HD Supply aspires to be the “First Choice” of customers, associates, suppliers and the communities in which we operate. From offering services that improve operational efficiency to adding new business platforms and delivering leading-edge products, HD Supply is Always on the Job for our pro customers.
How much did Home Depot sell HD Supply for?
Home Depot, which sold HD Supply in 2007 for $8.5 billion to Bain Capital, Carlyle Group and Clayton, Dubilier & Rice, said it will fund the buy back through a combination of cash and debt.
Is HD Supply part of Anixter?
The US’ Anixter International bought of the Power Solutions segment of HD Supply for $825 million. The acquisition will transform Anixter into a leading North American electrical distribution platform and significantly expands its electrical and utility product portfolio and customer relationships.
Who is HD Supply owned by?
The Home Depot Supply
The Home Depot Supply and Hughes Supply combine to form HD Supply, enhancing the company’s ability to meet customers’ goals. HD Supply is purchased by private equity firms Bain Capital LLC; Carlyle Group; and Clayton, Dubilier & Rice.
Does HD Supply still exist?
HD Supply is a leading national distributor of maintenance, repair and operations (MRO) products in the multifamily and hospitality end markets. The agreement to acquire HD Supply was announced on November 16, 2020.
Does HD Supply own white cap?
HD Supply is suddenly half the company it once was. White Cap and CSG said the transaction is also valued at approximately $4 billion, while CD&R purchased White Cap from HD Supply for $2.9 billion. CD&R now holds 65 percent ownership in the combined company, with previous CSG shareholders holding 35 percent ownership.
How many warehouses does HD Supply?
With 44 distribution centers spread across 25 states and two Canadian provinces, HD Supply provides an expansive offering of approximately 200,000 SKUs featuring high-quality, name-brand and proprietary products – all at competitive prices.
Why did Home Depot spin off HD Supply?
Home Depot, after changing its CEO from Bob Nardelli to Frank Blake, decided to sell HD Supply in order to raise capital to repurchase Home Depot stock and shore up the stock price. In December 2014 SEC filings showed that The Carlyle Group and Clayton, Dubilier, & Rice had sold off their holdings in HD Supply.
Who owns HD?
The Home Depot
HD Supply
| Type | Subsidiary |
|---|---|
| Number of employees | 11,000 (2018) |
| Parent | The Home Depot |
| Subsidiaries | HD Supply, Inc. |
| Website | hdsupply.com |
When did white cap separate from HD Supply?
To Our Valued Customers, We are pleased to announce that effective today, Monday, October 19, White Cap has separated from HD Supply and completed the transaction to combine two industry-leading businesses under joint ownership by Clayton Dubilier & Rice (CD&R) and The Sterling Group.
