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Home Depot, after changing CEO's 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 company was purchased by private equity firms Bain Capital LLC; [[The Carlyle Group]]; and [[Clayton, Dubilier & Rice]] and continued as HD Supply.
Home Depot, after changing CEO's 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 company was purchased by private equity firms Bain Capital LLC; [[The Carlyle Group]]; and [[Clayton, Dubilier & Rice]] and continued 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|NASDAQ Global Select Market]] on June 27, 2013 under the ticker symbol HDS.<ref>{{cite news|title=HD Supply Holdings, Inc. Prices Initial Public Offering of Common Stock|url=https://globenewswire.com/news-release/2013/06/27/556595/10037851/en/HD-Supply-Holdings-Inc-Prices-Initial-Public-Offering-of-Common-Stock.html?lang=en-us|accessdate=20 April 2017|publisher=Global News Wire|date=June 27, 2013}}</ref> In December 2014 SEC filings show that The Carlyle Group and Clayton, Dubilier, & Rice have sold off their holdings of HD Supply<ref>{{cite news|title=HD Supply Holdings, Inc. Announces Pricing of Sale of 40,661,072 Shares of Common Stock by Selling Stockholders|url=http://ir.hdsupply.com/releasedetail.cfm?releaseid=887236|publisher=HD Supply|date=December 11, 2014}}</ref>. However, on 1 August 2017, [[Clayton, Dubilier & Rice]] acquired the Waterworks division of HD Supply for USD 2.5 billion<ref name=crunchbase/>, and changed its name to [[Core & Main]]<ref>[https://www.wateronline.com/doc/hd-supply-waterworks-changes-name-to-core-main-0001 wateronline.com – ''HD Supply Waterworks Changes Name To Core & Main'']</ref>.
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|NASDAQ Global Select Market]] on June 27, 2013 under the ticker symbol HDS.<ref>{{cite news|title=HD Supply Holdings, Inc. Prices Initial Public Offering of Common Stock|url=https://globenewswire.com/news-release/2013/06/27/556595/10037851/en/HD-Supply-Holdings-Inc-Prices-Initial-Public-Offering-of-Common-Stock.html?lang=en-us|accessdate=20 April 2017|publisher=Global News Wire|date=June 27, 2013}}</ref> In December 2014 SEC filings show that The Carlyle Group and Clayton, Dubilier, & Rice have sold off their holdings of HD Supply<ref>{{cite news|title=HD Supply Holdings, Inc. Announces Pricing of Sale of 40,661,072 Shares of Common Stock by Selling Stockholders|url=http://ir.hdsupply.com/releasedetail.cfm?releaseid=887236|publisher=HD Supply|date=December 11, 2014}}</ref>. However, on 1 August 2017, [[Clayton, Dubilier & Rice]] acquired the Waterworks division of HD Supply for USD 2.5 billion<ref name=crunchbase>[https://www.crunchbase.com/organization/core-main crunchbase.com – ''Core & Main'']</ref>, and changed its name to [[Core & Main]]<ref>[https://www.wateronline.com/doc/hd-supply-waterworks-changes-name-to-core-main-0001 wateronline.com – ''HD Supply Waterworks Changes Name To Core & Main'']</ref>.


== Current business ==
== Current business ==

Revision as of 09:35, 30 April 2019

HD Supply
Company typePublic
Nasdaq: HDS
Russell 1000 Component
PredecessorProfessional services division of The Home Depot
Founded1974
(as Maintenance Warehouse)
HeadquartersAtlanta, Georgia, United States [1]
Number of locations
Approximately 600[2]
Area served
North America, Canada
Key people
Joseph J DeAngelo (CEO)[3] Evan Levitt (CFO)[4]
Revenue$7.39 billion[5]
Number of employees
11,000[6] (2018)
ParentHD Supply Holdings, Inc.
Websitewww.hdsupply.com

HD Supply, Inc. 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.[7]

History

The company was founded in 1974 as Maintenance Warehouse in San Diego, CA. In 1997 The Home Depot 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 integrated into the HD Supply division.

Home Depot, after changing CEO's 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 company was purchased by private equity firms Bain Capital LLC; The Carlyle Group; and Clayton, Dubilier & Rice and continued 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 on June 27, 2013 under the ticker symbol HDS.[8] In December 2014 SEC filings show that The Carlyle Group and Clayton, Dubilier, & Rice have sold off their holdings of HD Supply[9]. However, on 1 August 2017, Clayton, Dubilier & Rice acquired the Waterworks division of HD Supply for USD 2.5 billion[10], and changed its name to Core & Main[11].

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 four 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)[12]
  • Specialty Construction - HD Supply Construction & Industrial — Brafasco (Canada)[13]
  • Home Repair and Remodeling - HD Supply Home Improvement Solutions[14]

Awards and honors

U-T San Diego Top workplaces in 2011 and 2013 [15]

Acquisitions

  • March 5, 2018 - Acquisition of A.H. Harris Construction Supplies, a leading specialty construction distributor serving the Northeast, Mid- and South-Atlantic regions.
  • April 2, 2012 - HD Supply Facilities Maintenance acquired Peachtree Business Products, giving customers' access to customized business and property marketing supplies.
  • Oct 2, 2005 - The Home Depot Supply's acquisition of USABlueBook enabled the company to supply water and wastewater products to customers around the world.
  • Aug 12, 2003 - The acquisition of Economy Maintenance Supply enhanced the companies capability to serve customers throughout the Northeast.
  • July 12, 2000 - Acquisition of N–E Thing Supply Company broadened the product offerings, service, and sales coverage to customers throughout Texas and surrounding areas.

External links

References

  1. ^ http://files.shareholder.com/downloads/AMDA-1WTUY9/2560447636x0x672733/05727168-2e27-4867-8e4d-cdaa463b97d8/HDS_financial_factsheets_0713.pdf
  2. ^ http://www.hoovers.com/company-information/cs/company-profile.Hd_Supply_Holdings_Inc.52db8a74716e0acc.html
  3. ^ http://www.hdsupply.com/about/downloads/JoeDeAngelo_Bio_01-27-15.pdf
  4. ^ http://www.hdsupply.com/about/downloads/EvanLevitt_Bio_01-27-15.pdf
  5. ^ "HD Supply Annual Income Statement". amigobulls.com.
  6. ^ "HD Supply Holdings". Fortune. Retrieved 2018-12-28.
  7. ^ "HD Supply Holdings". Fortune. Retrieved 2018-12-28.
  8. ^ "HD Supply Holdings, Inc. Prices Initial Public Offering of Common Stock". Global News Wire. June 27, 2013. Retrieved 20 April 2017.
  9. ^ "HD Supply Holdings, Inc. Announces Pricing of Sale of 40,661,072 Shares of Common Stock by Selling Stockholders". HD Supply. December 11, 2014.
  10. ^ crunchbase.com – Core & Main
  11. ^ wateronline.com – HD Supply Waterworks Changes Name To Core & Main
  12. ^ https://www.whitecap.com/
  13. ^ http://www.brafasco.com/
  14. ^ http://www.hdsupplyhis.com/
  15. ^ "News Release - What are San Diego's top workplaces?". UTSanDiego.com. Retrieved 2013-08-11.
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