HD Supply (formerly Maintenance Warehouse) is an industrial distributor in North America. 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. The company was re-acquired by

The Home Depot The Home Depot, Inc., is an American multinational home improvement retail corporation that sells tools, construction products, appliances, and services, including fuel and transportation rentals. Home Depot is the largest home improvement re ...

in December 2020.

History

The company was founded in 1974 as Maintenance Warehouse in San Diego, CA. In 1997,

purchased Maintenance Warehouse with its dedicated delivery trucks and free delivery service. In 2004, Maintenance Warehouse changed its name to HD Supply. In January 2006, Home Depot announced that it was acquiring Hughes Supply in a $3.2 billion deal. Hughes Supply was then integrated into the HD Supply division. Home Depot, after changing its CEO from Bob Nardelli to Frank Blake, decided to sell HD Supply in order to raise capital to repurchase Home Depot stock and shore up the stock price. In 2007, the HD Supply was purchased by private equity firms

Bain Capital Bain Capital is an American private investment firm based in Boston. It specializes in private equity, venture capital, credit, public equity, impact investing, life sciences, and real estate. Bain Capital invests across a range of industry se ...

The Carlyle Group The Carlyle Group is a multinational private equity, alternative asset management and financial services corporation based in the United States with $376 billion of assets under management. It specializes in private equity, real assets, and ...

, and Clayton, Dubilier & Rice, and continued to operate as HD Supply. On June 27, 2013, HD Supply Holdings, Inc., the indirect parent of HD Supply, Inc., announced that it had priced an initial public offering of 53,191,489 shares of common stock at $18.00 per share. The shares began trading on the

NASDAQ Global Select Market The Nasdaq Stock Market () (National Association of Securities Dealers Automated Quotations Stock Market) is an American stock exchange based in New York City. It is the most active stock trading venue in the US by volume, and ranked second ...

on June 27, 2013, under the ticker symbol HDS. In December 2014 SEC filings showed that The Carlyle Group and Clayton, Dubilier, & Rice had sold off their holdings in HD Supply. On 1 August 2017, Clayton, Dubilier & Rice acquired the Waterworks division of HD Supply and changed its name to Core & Main. In October 2020, HD Supply's Construction & Industrial business unit, known as White Cap, separated from HD Supply and became an independent company. At that time, White Cap combined with Construction Supply Group (CSG) to move forward as one company under joint ownership by private equity firms Clayton Dubilier & Rice and The Sterling Group. [] On November 16, 2020, HD Supply Holdings, Inc. announced an agreement to be reacquired by The Home Depot, Inc.

Current business

HD Supply Holdings, Inc. went public on June 27, 2013, on the NASDAQ stock exchange under the ticker symbol HDS. The enterprise business units are divided into three categories, with 650 locations across 48 states and seven Canadian provinces. * Maintenance, Repair and Operations - HD Supply Facilities Maintenance * Specialty Construction - HD Supply Construction & Industrial — White Cap (United States) * Specialty Construction - HD Supply Construction & Industrial — Brafasco (Canada)http://www.brafasco.com/

References

External links

* {{Official website Business services companies established in 1974 Distribution companies of the United States Industrial supply companies Companies based in Atlanta Companies formerly listed on the Nasdaq The Home Depot 2013 initial public offerings 2020 mergers and acquisitions