M&A Deal Summary

Core & Main Acquires Dana Kepner

On January 30, 2024, Core & Main acquired distribution company Dana Kepner from Littlejohn

Acquisition Highlights
  • This is Core & Main’s 16th transaction in the Distribution sector.
  • This is Core & Main’s 26th transaction in the United States.
  • This is Core & Main’s 2nd transaction in Colorado.

M&A Deal Summary

Date 2024-01-30
Target Dana Kepner
Sector Distribution
Buyer(s) Core & Main
Sellers(s) Littlejohn
Deal Type Add-on Acquisition

Target

Dana Kepner

Denver, Colorado, United States
Dana Kepner is a regional, branch-based distributor of waterworks products (pipes, valves, fittings, meters, etc.). Dana Kepner was formed in 1933 and is based in Denver, Colorado.

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Buyer(S) 1

Buyer

Core & Main

St. Louis, Missouri, United States

Category Company
Founded 1874
Sector Distribution
Employees5,000
Revenue 6.7B USD (2024)
DESCRIPTION

Core & Main is a distributor of water, sewer, storm, fusible piping, and fire protection infrastructure products that serves the needs of both contractors and municipalities in all aspects of the water, wastewater, clean water, landfill, energy, and fire protection industries. Core & Main was founded in 1874 and is based in St. Louis, Missouri.


DEAL STATS #
Overall 26 of 34
Sector (Distribution) 16 of 23
Type (Add-on Acquisition) 25 of 33
State (Colorado) 2 of 2
Country (United States) 26 of 33
Year (2024) 2 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-09 Eastern Supply

Winchester, Virginia, United States

Eastern Supply is a distributor of a broad range of storm drainage products, with custom fabrication capabilities. Eastern Supply is based in Winchester, Virginia and Greencastle, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-11 ACF West

Portland, Oregon, United States

ACF West is a distributor of geosynthetic materials and provider of soil stabilization solutions with six locations in the western United States. ACF West was founded in 1986 and is based in Portland, Oregon.

Buy -

Seller(S) 1

SELLER

Littlejohn

Greenwich, Connecticut, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1996
PE ASSETS 7.8B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Littlejohn is a private equity firm that makes control investments in mid-sized companies undergoing change; either in capital structure, strategy, operations, or growth. Littlejohn looks to commit $50 to $250 million of equity, mezzanine, or credit capital in companies with annual revenues of $100 to $800 million. Sectors of interest include industrial equipment, packaging, chemicals, automotive and transportation parts and equipment, food and food processing, healthcare, plastics, aerospace/defense, distribution, environmental and infrastructure services, and consumer products. The Firm avoids investing in real estate, fashion, retail, and businesses engaged in high technology. Littlejohn prefers opportunities located in the US, but also considers opportunities in Europe and Canada. Littlejohn was formed in 1996 and is based in Greenwich, Connecticut.


DEAL STATS #
Overall 45 of 48
Sector (Distribution) 7 of 7
Type (Add-on Acquisition) 19 of 22
State (Colorado) 2 of 2
Country (United States) 41 of 44
Year (2024) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-29 Cook & Boardman

Winston-Salem, North Carolina, United States

Cook & Boardman offers a broad range of products including metal and wood doors, locks, doorframes, and other related building components for non-residential applications. The Company operates a network of thirty-five locations across eleven states and services its customers nationwide. Cook & Boardman was founded in 1955 and is based in Winston-Salem, North Carolina.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-01 United Air Temp

Lorton, Virginia, United States

United Air Temp is a provider of residential heating, ventilation, and air conditioning (HVAC) services to residential homeowners. United Air Temp is headquartered in Lorton, Virginia.

Buy -