Clayton, Dubilier & Rice (CD&R) today announced an agreement with HD Supply Holdings, Inc. to acquire HD Supply’s Construction & Industrial business (White Cap), a leading distributor of specialty concrete and construction products. Subsequently, CD&R plans to combine White Cap with the Construction Supply Group (CSG), a leading distributor of specialty concrete and masonry accessories.
The combined transaction is valued at approximately $4 billion.
For insight into the motivation to complete the transaction, White Cap’s current Chief Executive Officer, John Stegeman, said: “This transformational combination simultaneously increases our product and service offering, capabilities, and diversification and establishes our business as a focused, independent compa…