Distributor of water, wastewater, storm drainage and fire protection products says acquisition will expand service in the Midwest.
Latest In Core & Main
With the addition, Core & Main will beef up its HDPE (high-density polyethylene) products and services offering.
In Tuesday's earnings report, Core & Main’s net income decreased 47.5% in 2Q compared to the same quarter a year ago.
Core & Main’s L&M Bag & Supply deal was the company's 14th acquisition since becoming an independent entity in 2017.
Core & Main’s Pacific Pipe deal was the company's 13th acquisition since becoming an independent entity in 2017.
For its initial public offering, Core & Main is offering around 34.9 million shares at a price range of $20 to $23 per share.
Core & Main’s Pacific Pipe deal is the company's 14th transaction since becoming an independent entity in 2017.
Waterworks products distributor Core and Main picks Goldman Sachs & Co. and J.P. Morgan Securities as its leading underwriters.
Addition of Triple T allows Core & Main to better serve the West Texas region.
M&A volume hasn’t completely returned to pre-COVID volume, but last month saw decent activity and some multibillion-dollar deals, including two in building materials & construction and one involving a distribution ERP provider.
The former HD Supply Waterworks Business announced the completion of its 11th acquisition since being formed in 2017 as an independent, private equity-backed distributor; this latest deal will expand Core & Main’s reach in New Jersey.
Though not where it should be in a typical July, distribution M&A activity reached double-digit transactions for a second straight month. Our M&A Roundup recaps deals from LINC Systems, Core & Main, SRS Distribution and more.
Core & Main LP, a St. Louis, Missouri-based distributor of water, sewer and fire protection products, announced Tuesday that it has agreed to acquire Water Works Supply Co.
