M&A Deal Summary

CD&R Acquires White Cap Supply

On August 11, 2020, private equity firm CD&R acquired distribution company White Cap Supply from HD Supply

Acquisition Highlights
  • This is CD&R’s 13th transaction in the Distribution sector.
  • This is CD&R’s 48th transaction in the United States.
  • This is CD&R’s 6th transaction in Georgia.

M&A Deal Summary

Date 2020-08-11
Target White Cap Supply
Sector Distribution
Buyer(s) CD&R
Sellers(s) HD Supply
Deal Type Divestiture

Target

White Cap Supply

Norcross, Georgia, United States
White Cap is a distributor of specialty concrete and construction products. It operates 270 branches with approximately 5,500 employees and offers more than 400,000 SKUs to 200,000 customers. White Cap was formed in 1976 and is based in Norcross, Georgia.

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Buyer(S) 1

Buyer

CD&R

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1978
PE ASSETS 30.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Clayton, Dubilier & Rice LLC (CD&R) is a large private equity firm that targets non-core divestitures of large corporations, growth equity financings, traditional buyouts, and corporate/family partnerships. CD&R looks for opportunities in North America, Western Europe, and Asia and will consider businesses in a wide range of sectors including consumer/retail, healthcare, industrials, and services. Prospective companies generally lead their respective markets, have stable cash flows, and possess competitive advantages through differentiated products, services, or processes. CD&R was formed in 1978 and has offices in New York City and London.


DEAL STATS #
Overall 67 of 92
Sector (Distribution) 13 of 17
Type (Divestiture) 21 of 25
State (Georgia) 6 of 7
Country (United States) 48 of 67
Year (2020) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-23 Cheney Brothers

Riviera Beach, Florida, United States

Cheney Brothers is a family-owned and operated broad line distributor offering over 64,000 stocked items from gourmet to every day. Cheney EXPRESS is open to the public and carries frozen, refrigerated and dry products with carrying out service to your vehicle. Insisting upon top-quality products from nationally recognized manufacturers, Cheney Brothers’ broad inventory consists of more than 50,000 stocked items, from gourmet to every day. Cheney Brothers was formed in 1925 and is based in Riviera Beach, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-31 Epicor Software

Austin, Texas, United States

Epicor Software is a global provider of industry-specific enterprise software to industrial-focused sectors. Epicor serves as a trusted partner for thousands of companies worldwide across key industries such as manufacturing, distribution, and retail. Epicor Software was founded in 1972 and is based in Austin, Texas.

Buy -

Seller(S) 1

SELLER

HD Supply

Atlanta, Georgia, United States

Category Company
Founded 2007
Sector Distribution
Employees11,000
Revenue 6.1B USD (2020)
DESCRIPTION
HD Supply's headquarters in Atlanta, Georgia.
HD Supply's headquarters in Atlanta, Georgia.

HD Supply is a wholesale distributor of a broad range of products and services to professional customers in the infrastructure, energy, maintenance, repair & improvement, and specialty construction markets. HD Supply was founded in 2007 and is based in Atlanta, Georgia.


DEAL STATS #
Overall 7 of 7
Sector (Distribution) 6 of 6
Type (Divestiture) 7 of 7
State (Georgia) 3 of 3
Country (United States) 7 of 7
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-09 Todd Pipe & Supply

Anaheim, California, United States

Todd Pipe & Supply Co. engages in wholesale distribution of hydronic plumbing and heating equipment and supplies. Todd Pipe & Supply Co. is a strong and well-known business, with six branches in attractive growth areas.

Sell $160M