Home Depot CEO Frank Blake said Wednesday that selling HD Supply in pieces would have been  ; time-consuming and  ; distracting, with an added cost of separating the businesses. An IPO would have resulted in a multiple discount relative to the sale of the entire business.
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This was not an easy decision,” Blake said about the announcement Tuesday that Home Depot would sell its $12 billion wholesale division in its entirety for $10.3 billion to a group of three private equity firms. “(HD Supply chief) Joe DeAngelo and his team have built a world-class operation over the last few years. We gave careful consideration to a number of options, including holding onto the business.”
  ;
The three private equity firms buying HD Supply for roughly 10X-12X EBITDA are …
Home Depot: Selling Supply Not an Easy Decision
Home Depot CEO Frank Blake said Wednesday that selling HD Supply in pieces would have been  ; time-consuming and  ; distracting, with an added cost of separating the businesses. An IPO would have resulted in a multiple discount relative to the sale of the entire business.
  ;
This was not an easy decision,” Blake said about the announcement Tuesday that Home Depot would sell its $12 billion wholesale division in its entirety for $10.3 billion to a group of three private equity firms. “(HD Supply chief) Joe DeAngelo and his team have built a world-class operation over the last few years. We gave careful consideration to a number of options, including holding onto the business.”
  ;
The three private equity firms buying HD Supply for roughly 10X-12X EBITDA are …
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