Sources: White Cap Holdings LLC, Atlanta; CP staff White Cap Supply and Construction Supply Group (CSG) have combined in a transaction valued at approximately $4 billion, netting the top North American distributor of concrete accessories plus specialty construction and safety products. Pursuant to a plan announced in August, the merger was consummated following spin off of the White Cap business…
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Investment firms lay groundwork for $4 billion Construction Supply Group, White Cap merger
Two private equity fund managers have outlined a transaction spawning a powerhouse in concrete or masonry construction accessories and supplies, plus rebar fabrication. Clayton, Dubilier & Rice (CD&R), New York, will acquire HD Supply’s Construction & Industrial segment, better known as White Cap and including the Home Improvement Solutions and Brafasco businesses, then pursue a merger of that Norcross, Ga.…
Read MoreInvestors set $4 billion Construction Supply Group, White Cap merger
Sources: Clayton, Dubilier & Rice, New York; HD Supply Holdings, Inc., Atlanta; CP staff
Two private equity fund managers have outlined a transaction creating a powerhouse in concrete and masonry construction accessories and supplies. Clayton, Dubilier & Rice (CD&R) will acquire HD Supply’s Construction & Industrial segment, better known as White Cap and including the Home Improvement Solutions and Brafasco businesses, then pursue a merger of that entity with Construction Supply Group (CSG). Based in Denver, the latter is a portfolio company of Sterling Group, a Houston investor that has acquired concrete and masonry contractor centers since chartering the business in 2016 with Minnesota’s Brock White.
Read MoreMANUFACTURERS – MARCH 2020
Lehigh White Cement, the domestic business of Italy’s Cementir Holding S.p.A., has joined Baltimore-based AltusGroup, a partnership of 17 North American precasters, two international affiliates and 10 affiliated companies. As an Innovation Partner, Lehigh White will collaborate with producer members to accelerate the introduction of Aalborg Inwhite Solution Ultra High Performance Concrete, Extreme and Excel products to the North American architectural precast market. Cementir has more than 3 million tons of white portland cement capacity and operates on five continents.
Read MoreConstruction Supply Group loads West Coast portfolio in Hub deal
Sources: Sterling Group, Houston; CP staff
Construction Supply Group has added 15 California and Arizona branches through the acquisition of Hub Construction Specialties, Inc., San Bernardino, Calif. The transaction is the 19th for CSG, which since 2016 has grown to 130-plus U.S. and Canada locations, offering 60,000 stockkeeping units to 65,000 builders and contractors.
Read MoreMANUFACTURERS – DECEMBER 2019
St. Louis-based Afinitas has promoted Matt Childs to vice president of Sales, Americas for the HawkeyePedershaab-BFS equipment and automation sales organization. He joined the company in 2017 as vice president of Sales, North America.
Read MoreConstruction Materials deal raises distributor CSG’s Southeast stake
Sources: Construction Supply Group, Denver; CP staff
Construction Supply Group has closed on Montgomery, Ala.-based Construction Materials, a concrete contractor-centric wholesaler with seven Florida, four Alabama and two Texas branches, plus others in Jackson, Miss., Atlanta and Nashville.
Read MoreConstruction Supply Group acquires Montana, Ohio distributors
Source: Sterling Group, Houston
Construction Supply Group has closed deals for single branch distributors Holdfast and Concrete Accessories & Rentals, based respectively in Medway, Ohio and Bozeman, Mont. The former provides CSG added scale in the Dayton area, along with expertise in insulating concrete forms. Concrete Accessories affords a new presence in the fast growing Northern Rocky Mountain region.
Read MoreMANUFACTURERS – JUNE 2019
Thirty months into a rollup plan centered on distributors of specialty materials, accessories and tools for U.S. and Canadian concrete and masonry contractors, private equity-backed Construction Supply Group has surpassed the 100-branch threshold. The Denver-based company has acquired Best Materials, a Phoenix-based ecommerce platform, plus Advantage Construction Supply and Spec-West Concrete Systems, both of California.
Read MoreConstruction Supply Group adds ecommerce site, four California branches
Sources: The Sterling Group, Houston; CP staff
Thirty months into a rollup plan centered on distributors of specialty materials, accessories and tools for U.S. and Canadian concrete and masonry contractors, private equity-backed Construction Supply Group has surpassed the 100-branch threshold. The Denver-based company has acquired Best Materials, a Phoenix-based ecommerce platform, plus Advantage Construction Supply and Spec-West Concrete Systems, both of California.
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