HD Supply is a wholesale distributor of electrical, plumbing, janitorial and other supplies. Data is a real-time snapshot *Data is delayed at least 15 minutes. He formed the “HD Supply” division, bought a bunch of companies and integrated them. Home Depot Inc. agreed to buy HD Supply Holdings Inc. for about $8.7 billion, beefing up its ability to distribute industrial products amid the pandemic and reuniting with a unit it sold off in 2007. Home Depot is in a good position to leverage HD Supply’s capabilities to accelerate sales growth. With the deal, Home depot is looking to expand its reach into building utility and maintenance products, betting that the economic toll of the COVID-19 pandemic will force swathes of Americans to look for affordable housing. Described as a … HD Supply, one of the largest distributors of appliances, plumbing, and electrical equipment in North America with over 500,000 customers, is expected to be accretive to earnings in 2021, Home Depot said. The current CEO of HD Supply is Joe DeAngelo, who served as executive vice president and COO of the Home Depot from January through August of 2007. The current CEO of HD Supply is Joe DeAngelo, who served as executive vice president and COO of the Home Depot from January through August of 2007. Including net cash, the deal has an enterprise value of about $8 billion, the companies said. J.P. Morgan Securities LLC served as financial adviser to Home Depot on the deal, which is expected to close in its fourth fiscal quarter. Home Depot said Monday it will acquire HD Supply for about $8 billion in a major move to boost its offerings to professional customers. Home Depot sold the HD Supply in the business in 2007 to three private equity groups, lead by Bain Capital LLC, for $10.3 billion. HD Supply’s connection to The Home Depot goes well beyond the “H.D.” initials. ATLANTA, Nov. 16, 2020 /PRNewswire/ -- The Home Depot ®, the world's largest home improvement retailer, today announced it has entered into a definitive agreement to acquire HD Supply … HD Supply is a wholesale distributor of electrical, plumbing, janitorial and other supplies that Home Depot sold in 2007 to a consortium of private-equity firms in a leveraged buyout valued at $8.4 billion. Home Depot $8 Billion HD Supply Acquisition Further Shakes Up Building Materials Supply Market - Posted on November 16, 2020 November 16, 2020. Home Depot, which sold HD Supply in 2007 for $8.5 billion to Bain Capital, Carlyle Group and Clayton, Dubilier & Rice, said it will fund the buy back through a combination of cash and debt. The acquisition brings back together two companies that used to be under the same roof and will give Home Depot more exposure to the professional contractor side of the business. ATLANTA, Dec. 24, 2020 /PRNewswire/ -- The Home Depot ®, the world's largest home improvement retailer, has completed the acquisition of HD Supply Holdings, Inc., for a total enterprise value (including net cash) of approximately $8 billion.HD Supply is a leading national distributor of maintenance, repair and operations (MRO) products in the multifamily and hospitality end markets. (CercleFinance.com) - Home Depot annonce avoir finalisé son rachat pour huit milliards de dollars de HD Supply, distributeur de produits d'entretien et de … Described as a "merger agreement" in a news release, the deal involves a subsidiary of The Home Depot buying all outstanding shares of HD Supply common stock for $56 per share. The sale comes about a year after Home Depot bought Hughes Supply for $3.2 billion. Home Depot sold the construction-supply unit to a group of buyout firms -- Carlyle Group LP, Bain Capital LLC and Clayton, Dubilier & Rice LLC -- in 2007. Home Depot—recognized as the world’s largest home improvement retailer with both B2B and retail sales on HomeDepot.com as well as through its chain of more than 2,200 stores—has made a cash tender offer to purchase all of the outstanding shares of HD Supply Holdings Inc. at $56 per share, the two companies said today. Home Depot will buy maintenance and repair distributor HD Supply Holdings. HD Supply hit a low of $23.20 a share in March before starting a long climb. Dive Brief: The Home Depot on Monday announced it will acquire HD Supply Holdings, a maintenance, repair and operations products wholesale distributor, for about $8 billion. One of the largest industrial distributors in North America, HD Supply provides everything from bleach, to doors and ceramic tile to about 500,000 customers from 270 branches and 44 distribution centers, according to its annual report. Home Depot increased less than one per cent early Monday. HD Supply had more than $12 billion in revenue last year, making up 14.7 percent of the total company's $81.5 billion in revenue for 2006. ATLANTA, Dec. 24, 2020 /PRNewswire/ -- The Home Depot ®, the world's largest home improvement retailer, has completed the acquisition of HD Supply Holdings, Inc., for a total enterprise value (including net cash) of approximately $8 billion.HD Supply is a leading national distributor of maintenance, repair and operations (MRO) products in the multifamily and hospitality end markets. Monday’s announcement comes about a week after Bloomberg News reported that Lowe’s had recently approached HD Supply and that the companies were in preliminary talks, citing people familiar with the matter at the time. In what seems like a full-circle move, The Home Depot – the world’s largest home improvements company – has acquired its former subsidiary and fellow Atlanta-based outfit HD Supply for $9.1 billion including net cash. In February, Home Depot began exploring alternatives for HD Supply in a move to increase its focus on its core retail business. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. HD Supply had more than $12 billion in revenue last year, making up 14.7 percent of the total company's $81.5 billion in revenue for 2006. The Home Depot Inc. is out to build its presence in the maintenance, repair and operations (MRO) business with a “definitive agreement” to purchase for about $9 billion HD Supply Inc., an MRO distribution business it sold 13 years ago. The transaction includes HD Supply’s … Home Depot, which sold HD Supply in 2007 for $8.5 billion to Bain Capital, Carlyle Group and Clayton, Dubilier & Rice, said it will fund the buy back through a combination of cash and debt. HD Supply has been slimming down, making it “a highly attractive asset in a compelling segment of the market,” RBC analyst Scot Ciccarelli said in a note. Home Depot will purchase any outstanding HD Supply common stock for $56 a share as part of the deal, which it expects to close by the end of its fourth quarter in … The Home Depot Inc. will buy HD Supply's Hardware Solutions unit, formerly known as Crown Bolt, for an undisclosed amount. The Home Depot Inc. HD has concluded the acquisition of HD Supply Holdings, Inc. for an enterprise value of $8 billion. Like do-it-yourself repairs, that segment has boomed during the pandemic as Americans want to improve the homes they’re spending more time in. Professional customers currently account for about 45% of Home Depot’s sales, and HD Supply could help it cement its leadership position, said Drew Reading, an analyst with Bloomberg Intelligence. The company provides a broad range of products and value-added services to approximately 500,000 professional customers in maintenance, repair and operations, infrastructure and power and specialty construction sectors. ATLANTA (AP) — Home Depot is buying HD Supply Holdings Co. in a deal valued at about $8 billion. HD Supply, a former Home Depot unit, provides a wide range of items and “value-add services” to roughly 300,000 clients with “leadership positions in … Home Depot said it would buy industrial goods wholesaler HD Supply Holdings in a deal valued at about $8 billion. If you have an ad-blocker enabled you may be blocked from proceeding. Watch the video above for … In fiscal 2019, The Home Depot had sales of $110.2 billion and earnings of $11.2 billion. Home Depot re-entered the $55 billion maintenance, repair and operations market in … "With a bolstered sales force and enhanced supply chain, we have no doubt Home Depot will be a more formidable player in the$55 billion maintenance, repair and operations market for years to come," Jefferies analysts wrote. Home Depot has struck a deal to acquire its former subsidiary HD Supply for $9.1bn, increasing the US retailer’s presence in wholesale distribution 13 years after it disposed of the business. Updates with analyst comment in seventh paragraph. The chain then went public in 2013. Home Depot said it would buy industrial goods wholesaler HD Supply Holdings in a deal valued at about $8 billion. The home improvement retailer said it would offer $56 per share in cash to HD Supply shareholders, a near 25% premium to the stock's last close. HD Supply’s connection to The Home Depot goes well beyond the “H.D.” initials. In February, Home Depot began exploring alternatives for HD Supply in a move to increase its focus on its core retail business. HD Supply’s stock price soared more than 24 percent on news of the deal to $55.73 in early trading Monday, while Home Depot shares jumped as much as about 1 percent to $279.89. Home Depot buys HD Supply. — With assistance by Gerald Porter Jr., and Matthew Townsend, Professional construction business has boomed during pandemic, Home-improvement chain sees purchase closing by January. Shares of HD Supply jumped 24% at 11:56 a.m. in New York, and Home Depot increased less than 1%. The sale comes about a year after Home Depot bought Hughes Supply for $3.2 billion. The HD Supply transaction, to be funded by cash on hand and debt, is expected to be completed in Home Depot’s fiscal fourth quarter, which ends Jan. 31. With about 156 million shares outstanding, according to a filing, the offer is valued at roughly $8.7 billion. ATLANTA, Dec. 24, 2020 — The Home Depot, the world’s largest home improvement retailer, has completed the acquisition of HD Supply Holdings, Inc., for a total enterprise value (including net cash) of approximately $8 billion.HD Supply is a leading national distributor of maintenance, repair and operations (MRO) products in the multifamily and hospitality end markets. ATLANTA, Dec. 24, 2020 -- The Home Depot, the world's largest home improvement retailer, has completed the acquisition of HD Supply Holdings, Inc., for a total enterprise value (including net cash) of approximately $8 billion.HD Supply is a leading national distributor of maintenance, repair and operations (MRO) products in the multifamily and hospitality end markets. Including net cash, the deal has an enterprise value of about $8 billion, the companies said. ATLANTA, Nov. 16, 2020 /PRNewswire/ -- The Home Depot ®, the world's largest home improvement retailer, today announced it has entered into a definitive agreement to acquire HD Supply Holdings, Inc., a leading national distributor of maintenance, repair and operations (MRO) products in the multifamily and hospitality end markets. J P Morgan Securities LLC served as financial adviser to Home Depot on the deal, which is expected to close in its fourth fiscal quarter. Home Depot sold the construction-supply unit to a group of buyout firms -- Carlyle Group LP, Bain Capital LLC and Clayton, Dubilier & Rice LLC -- in 2007. It sold the company in 2007 to three private equity firms for $10.3 billion as it turned its focus on its retail operations. Instead, the prodigal distributor returned home this week when The Home Depot announced it was re-acquiring HD Supply. HD Supply’s stock price soared more than 24 percent on news of the deal to $55.73 in early trading Monday, while Home Depot shares jumped as much as about 1 percent to $279.89. All Rights Reserved. Before it's here, it's on the Bloomberg Terminal. HD Supply (formerly Maintenance Warehouse) is an industrial distributor in North America. The company was re-acquired by The Home Depot in December 2020. “Though HD Supply has exposure to slower growth commercial end-markets, sales trends among pros continue to improve and may accelerate in 2021.”. Home Depot will buy all outstanding shares for about $56 apiece, according to a statement Monday, representing a premium of about 25% over HD Supply’s closing price on Friday. A subsidiary of Home Depot Inc. will pay $56 per share for HD Supply's common stock. HD Supply is “a good business with solid margins,” Chuck Grom, an analyst with Gordon Haskett, said in a note. Home Depot will buy all outstanding shares for about $56 apiece, according to a statement Monday, representing a premium of about 25% over HD Supply’s closing price on Friday. The Home Depot announced it has entered into a definitive agreement to acquire HD Supply Holdings, a leading national distributor of maintenance, repair and operations (MRO) products in the multifamily and hospitality end markets. “The MRO customer is highly valued by The Home Depot, and this acquisition will position the company to accelerate sales growth by better serving both existing and new customers in a highly fragmented $55 billion marketplace,” said Craig Menear, chairman and CEO of The Home Depot.“HD Supply complements our existing MRO business with a robust product offering and value-added … Home Depot Inc. (NYSE: HD) said Monday it entered into a definitive agreement to buy Atlanta-based HD Supply Holdings for approximately $8 billion. 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