Interline Brands Inc., Jacksonville, FL, distributor and direct marketer of broad-line MRO products to the facilities maintenance end-market, has agreed to be acquired by The Home Depot (NYSE: HD), Atlanta, GA, for $1.6 billion.
"Through this partnership, we believe we can bring a truly interconnected solution to customers, providing them with a single source for all of their maintenance, repair and operation needs – whenever and wherever they need it," said Michael Grebe, Interline's CEO. "… The Home Depot is the right fit for us as we look to further advance our leading position in the markets we serve."
The Home Depot is buying Interline from private equity firms Goldman Sachs Capital Partners and P2 Capital Partners.
