Construction Supply Group, White Cap investors fulfill merger plan

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.…

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Investors 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. 

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