Www whitecap com6/30/2023 ![]() “Our goal with this transformational combination is to bring to life the many benefits of our combination for our customers,” said John Stegeman. ![]() “As we join together, we will continue to build on our vast experiences and stronger future by investing in focused local growth initiatives with the support of our national platform.” “Both businesses have incredible histories of exceptional customer service,” said Alan Sollenberger. Nearly 2,000 delivery vehicles to enable our same day or next day service to job sitesĪ comprehensive offering of 400,000+ products from more than 4,500 suppliers More than 1,000 inside and counter sales associates to deliver on our promise of two-hour ready will call at our locations The combined strength of White Cap and CSG will include:Īn outside sales force of over 850 associates with significant industry experience This is an incredibly exciting time for our associates, customers, and suppliers.” Our goal is to provide even greater value for our customers and enhance our ability to serve with excellence. “By joining together, our platform allows expansion of our product and service offerings across more than 400 locations in 46 U.S. “Both White Cap and CSG share the same vision of continuous growth with the goal to relentlessly improve customer service,” said John Stegeman. ![]() John Stegeman, CEO of White Cap, and Alan Sollenberger, President of White Cap, will lead the combined business. The combined transaction, valued at approximately $4 billion and including investments by Clayton, Dubilier & Rice (“CD&R”) and The Sterling Group funds, creates the leading North American distributor of a diverse mix of concrete accessories and specialty construction and safety products by revenues with more than $4 billion annually.įollowing the transaction, CD&R funds hold a 65 percent ownership interest in the combined company, and the prior shareholders of CSG, led by The Sterling Group, hold a 35 percent interest.ĬSG and White Cap have highly complementary product offerings and geographic footprints, aligned cultures and strong talent focused on providing exceptional customer service to professional contractors. White Cap Supply Holdings, LLC (“White Cap”) and Construction Supply Group (“CSG”) announce today the successful separation of White Cap from HD Supply and its combination with CSG. Transaction Will Enhance Capabilities to Serve Professional Contractors with Broader Product & Service Offerings and Expanded Reach Atlanta, GA OctoWhite Cap and Construction Supply Group Combine to Create $4 Billion Market-Leading Distributor of Concrete Accessories and Specialty Construction Products
0 Comments
Leave a Reply. |