Sept. 4, 2007: Home Depot Completes Sale of HD Supply
September 4, 2007
ATLANTA - HD Supply has announced the completion of the sale of the company to a group of three private equity firms comprised of Bain Capital, The Carlyle Group, and Clayton, Dubilier & Rice Inc. HD Supply, a leading diversified wholesale distributor of construction and maintenance-related products in North America, with annual sales of more than $13 billion, was acquired from Home Depot for $8.5 billion.
The acquisition includes a portfolio of 11 businesses and HD Supply Canada. The company will retain the HD Supply name.
“We are thrilled to be associated with this group of distinguished private equity firms, and we are excited about the tremendous opportunities that lie ahead for our associates, our customers, and our new owners,” said Joe DeAngelo, chief executive officer of HD Supply. “As an independent company, we can now accelerate our momentum in serving the comprehensive needs of our professional customers with the best products and customer service in the industry.”
HD Supply is one of the largest wholesale distributors in North America, with nearly 1,000 locations and more than 26,000 employees. The company is focused solely on serving professional customers in the infrastructure, construction, maintenance, repair, and remodel markets.
Publication date: 09/03/2007