M&A Deal Summary

Core & Main Acquires Lee Supply

On November 14, 2023, Core & Main acquired distribution company Lee Supply

Acquisition Highlights
  • This is Core & Main’s 15th transaction in the Distribution sector.
  • This is Core & Main’s 24th transaction in the United States.
  • This is Core & Main’s 2nd transaction in Pennsylvania.

M&A Deal Summary
Date 2023-11-14
Target Lee Supply
Sector Distribution
Buyer(s) Core & Main
Deal Type Add-on Acquisition

Target

Lee Supply

Charleroi, Pennsylvania, United States
Lee Supply is a specialty distributor and fabricator of high-density polyethylene (HDPE) pipe and related services, including HDPE fusion equipment rentals and custom fabrication capabilities. It provides solutions-based services to municipalities, contractors, and other environmental and industrial customers. Lee Supply was formed in 1954 and is based in Charleroi, Pennsylvania.

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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 24 of 34
Sector (Distribution) 15 of 23
Type (Add-on Acquisition) 23 of 33
State (Pennsylvania) 2 of 2
Country (United States) 24 of 33
Year (2023) 8 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-09 Granite Water Works

Waite Park, Minnesota, United States

Granite Water Works is a distributor of water, wastewater, and storm drainage products. Granite Water Works was founded in 1990 and is based in Waite Park, Minnesota.

Buy -
FOLLOWING 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 -
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