Core & Main, established through a series of mergers and acquisitions dating back to 1874, serves over 60,000 customers with a portfolio of more than 225,000 products related to aging water infrastructure. Its offerings include pipes, valves and fittings, storm drainage products, fire protection products, and smart metering products that comply with municipal, state, and federal specifications and engineering standards. The company's net sales are distributed across municipal (44%), non-residential (38%), and residential (18%) end markets. In 2005, The Home Depot acquired National Waterworks Holdings and merged it with Hughes Supply Inc. to form a leading waterworks distributor. HD Supply was acquired from The Home Depot by private equity investors in 2007. In 2017, HD Supply Waterworks was acquired by Clayton, Dubilier & Rice, LLC and rebranded as Core & Main. The company completed its initial public offering in 2021, followed by secondary offerings.
Core And Main Inc's Comment on Supply Chain
Core & Main, established through a series of mergers and acquisitions dating back to 1874, serves over 60,000 customers with a portfolio of more than 225,000 products related to aging water infrastructure. Its offerings include pipes, valves and fittings, storm drainage products, fire protection products, and smart metering products that comply with municipal, state, and federal specifications and engineering standards. The company's net sales are distributed across municipal (44%), non-residential (38%), and residential (18%) end markets. In 2005, The Home Depot acquired National Waterworks Holdings and merged it with Hughes Supply Inc. to form a leading waterworks distributor. HD Supply was acquired from The Home Depot by private equity investors in 2007. In 2017, HD Supply Waterworks was acquired by Clayton, Dubilier & Rice, LLC and rebranded as Core & Main. The company completed its initial public offering in 2021, followed by secondary offerings.
Sources:
Core and Main Inc 's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
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