Home Depot Eyes MRO Acceleration With HD Supply In Tow
See what the home improvement retail giant said about its plans for HD Supply a company has re-acquired after spinning off in 2007.
Feb 24th, 2021
The Home Depot
The Home Depot reported its 2020 fourth quarter and full-year earnings on Tuesday, and afterward shared some insights on its plans for HD Supply the facilities maintenance products distributor the home improvement retailer acquired in late 2020 in an $8 billion deal.
Completed Dec. 24, it was a landmark transaction in the industrial distribution space and arguably the largest such deal in several years. HD Supply was No. 4 on Industrial Distribution’s 2020 Big 50 List on account of its $6.15 billion in 2019 sales, but The Home Depot ended up buying a much smaller version of the distributor. HD Supply sold off essentially half the company in October via divesting its Construction & Industrial – White Cap unit to Clayton, Dubilier & Rice for $2.9 billion. And