HD Supply’s new owners said that it is premature to say whether they will divest any of the $12 billion distributor’s assets after taking full ownership, said David Novak, a partner at Clayton Dubilier & Rice, one of the three private equity firms that have agreed to buy the unit from The Home Depot Inc. for $10.3 billion.
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Bain Capital LLC, Carlyle Group and CD & R are splitting the investment evenly, Novak said.
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Though there are no immediate plans for HD Supply’s current assets, the new owners do plan to continue building the company through acquisitions. That we will certainly do,” Novak told MDM. “Local scale is very important for productivity and service levels.”
  ;
That means that HD Supply, with $12 billion in sales in 2006, will continue …
New Owners: HD Supply Will Maintain Acquisitive Strategy
HD Supply’s new owners said that it is premature to say whether they will divest any of the $12 billion distributor’s assets after taking full ownership, said David Novak, a partner at Clayton Dubilier & Rice, one of the three private equity firms that have agreed to buy the unit from The Home Depot Inc. for $10.3 billion.
  ;
Bain Capital LLC, Carlyle Group and CD & R are splitting the investment evenly, Novak said.
  ;
Though there are no immediate plans for HD Supply’s current assets, the new owners do plan to continue building the company through acquisitions. That we will certainly do,” Novak told MDM. “Local scale is very important for productivity and service levels.”
  ;
That means that HD Supply, with $12 billion in sales in 2006, will continue …
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