Pursuant to a plan announced in August, the merger was consummated following spin off of the White Cap business from industrial market distributor HD Supply. The company will merge with another road construction company, Jefferson City-based Capital Holdings Group. Construction Supply Group wholesales and distributes construction materials. August 15, 2020 News of the proposed $4 billion merger of HD Supply’s White Cap Group with Construction Supply Group points to more changes in the construction supply business. But to optimize supply chain’s impact, you need to prepare well before an M&A event. Based in Denver, the latter is a portfolio company of Sterling Group, a Houston investor that has acquired concrete and masonry contractor centers since chartering the business in 2016 with Minnesota’s Brock White. Eleven weeks after the industrial distributor announced it would sell its Construction & Supply – White Cap business unit to private firm Clayton, Dubilier & Rice, newly-formed White Cap Supply Holdings and Construction Supply Group (CSG) co-announced Monday that White Cap has been successfully separated from HD Supply and combined with CSG. In 2016, Border Construction Specialties became part of Construction Supply Group. Despite the challenges that have resulted, there are reasons to be optimistic. Sterling has executed a strategy to bring together multiple leading regional and local construction supply distributors. Upon completion of the merger, Anixter became a wholly owned subsidiary of WESCO International. E-commerce Company. There should be a series of follow-up assessments to assure the system is working smoothly and effectively. âWe look forward to our new partnership with CD&R and the continued support of The Sterling Group as we continue to seek growth opportunities to better serve our customers,” adds CSG CEO Mitch Williams. âWe are enthusiastic about the opportunity to join forces with the many talented associates and leaders at CSG to enhance our collective ability to serve customers. The US engineering and construction (E&C) industry began 2020 on a bright note—and then COVID-19 hit. Carter-Waters is a leading Midwest distributor of quality construction materials and tools for commercial, highway, municipal, residential and multi-family builders with 17 locations throughout Kansas, Missouri, Illinois, Ohio, Indiana, and Kentucky. The partners have named White Cap CEO John Stegeman and President Alan Sollenberger to lead the combined business, which spans: • Upward of $4 billion in annual revenues from a comprehensive offering of 400,000-plus products, channeled through 4,500 suppliers; • More than 850 outside sales associates with significant industry experience; • More than 1,000 inside and counter sales associates to deliver on a promise of two-hour ready will call at all locations; and. • Nearly 2,000 delivery vehicles to enable same day or next day service to job sites. Upon completing the acquisition, CD&R will merge White Cap with Construction Supply Group, a distributor of specialty concrete and masonry accessories in a move that will create a construction and safety supplies distributor with more than $4 billion in annual revenue. Out of 60 sectors in the Mergr database, e-commerce ranked 46 in number of deals in 2019. DENVER — Construction Supply Group (“CSG”) a Denver-based leader in the distribution of specialty construction materials, accessories and tools, primarily for professional concrete and masonry contractors in the United States and Canada, has completed the simultaneous acquisitions of All-Tex Supply, MASONPRO, Inc. and Titan Construction Supply. The merger eliminates 120 jobs by the end of February. Skil Saw SPT55-11 16" WORM DRIVE CHAINSAW With 87 branches, over 1,100 associates, Construction Supply Group is committed to partnering with the best. Apply now. CarepathRx looks to build end-to-end pharmacy management platform with recent buys, executives say 04-December-2020: . Clayton, Dubilier & Rice (CD&R), New York, will acquire HD Supply’s Construction & Industrial segment, better known as White Cap and including the Home Improvement Solutions and Brafasco businesses, then pursue a merger of that Norcross, … Sterling added key team members and worked to centralize several, unintegrated legacy businesses and take better advantage of company’s scale. Distributor of construction supply materials. The $2.9 billion White Cap transaction is scheduled to close by October and not subject to the status of CSG merger proceedings. “By joining together, our platform allows expansion of our product and service offerings across more than 400 locations in 46 U.S. states and eight Canadian provinces.”. Sources: Clayton, Dubilier & Rice, New York; HD Supply Holdings, Inc., Atlanta; CP staff. Construction Supply Group has acquired 23 companies, including 23 in the last 5 years. “Both White Cap and CSG share the vision of continuous growth with the goal to relentlessly improve customer service,” says Stegeman. This is the Construction Supply Group company profile. According to Dr. Harpal Singh, in an article for Supply Chain Quarterly, post-merger supply chain assessments should focus on three major aspects: integration, optimization and acceptance. Shareholders of Fiat Chrysler and PSA Group, owner of Peugeot and Vauxhall, have approved a merger that is expected to generate €1.5bn in procurement savings. Sources: White Cap Holdings LLC, Atlanta; CP staff. Protection from the Ground Up. Upon the closing of both transactions, CD&R funds will hold a 65% ownership interest in the combined company, and the current shareholders of CSG, led by The Sterling Group, … Following this transaction, we will be very well positioned to pursue both organic and inorganic growth opportunities aligned with our strategic priorities.â. The largest e-commerce acquisition in 2019 was NetEase - Kaola - which was acquired by Alibaba Group … view partnership. Merger Is A Good Deal For HD Supply, Not Bad For Home Depot ... this time buying HD Supply's Construction & Industrial segment for $2.5 billion of … Construction Supply Group’s national buying power will also enable us to be very competitive and have access to more lines of products. White Cap CEO John Stegeman and President Alan Sollenberger are expected to retain their titles in the transition, while CD&R Operating Partner Phil Knisely becomes chairman. Paid Job. Construction Supply Group, a distributor of specialty construction materials, accessories and tools, has acquired All-Tex Supply, Masonpro Inc. and Titan Construction Supply, according to … The Sterling Group, a Houston-based middle market private equity firm, announced that its portfolio company, Construction Supply Group, has completed the acquisition of Carter Waters. Effective January... Sources: MDU Resources Group, Bismarck, N.D.; CP staff Knife... Construction Supply Group, White Cap investors fulfill merger plan, Argos USA, liability heir, cooperates in feds' concrete price-fixing investigation, CalPortland moves CNG power upstream, from mixers to bulk tankers, Concrete Technology, WSDOT push the envelope with record 223-ft. girder, LafargeHolcim measures building enclosure prospects in Firestone deal, EPA rule clears traditional opaqueness in science justifying regulatory actions, Clyde Cos. elevates Hafen, Golding, Ritchie in leadership transition, ACI ‘frees’ education, practice assets under new membership terms, Knife River closes on the assets of Wyoming’s McMurry Ready-Mix, Buy your copy of the updated 2020 Cement Directory today. Skil Saw 48V WORM DRIVE SAW SPTH77M-12. Click here to browse as a list instead of a map. CSG and White Cap have highly complementary product offerings and geographic footprints, aligned cultures plus strong talent focused on providing exceptional customer service, CD&R and Sterling officials contend. âThis transformational combination simultaneously increases our product and service offering, capabilities, and diversification and establishes our business as a focused, independent company,â says Stegeman. Our mutual commitment to being Better Together and Building Trust on Every Job™ by providing … ATLANTA, Oct. 19, 2020 /PRNewswire/ -- 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. HOUSTON, Jan. 28, 2020 /PRNewswire/ -- The Sterling Group, a Houston-based middle market private equity firm, announced that its portfolio company, Construction Supply Group ("CSG"), has … Construction Supply Group is a leading distributor of specialty construction materials in the US and Canada. construction equipment, tools, office furniture, computers, and equipment used in the operations and general sup - port of the construction business. Investors set $4 billion Construction Supply Group, White Cap merger, © 2020 by Semco Productions, LLC | All rights reserved. Operating 16 branches in the Southeastern United States, Construction Materials is a long-established wholesale distributor of specialty building products, primarily for concrete contractors. DENVER, CO - Construction Supply Group (“CSG”) announced today that they have completed the acquisition of Construction Materials. “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,” adds Sollenberger. Source: American Concrete Institute, Farmington Hills, Mich. CD&R funds and Sterling Group will hold respective 65 percent and 35 percent ownership interests in the combined entity. Construction Supply Group is a leading distributor of specialty construction materials in the US and Canada. Explore five engineering and construction industry trends that will impact the coming year, from connected construction to new business models. PRESS RELEASE. Construction Supply Group Csg Tucson, AZ. Construction Supply Group, a portfolio company of The Sterling Group, has acquired Holdfast and Concrete Accessories & Rentals. We provide solutions, not just products. The company will merge with another road construction company, Jefferson City-based Capital Holdings Group. The combination is intended to create a leading North American distributor of a diverse mix of concrete accessories and specialty construction and safety products with more than $4 billion in annual revenue. White Cap Supply and Construction Supply Group (CSG) have combined in a transaction valued at approximately $4 billion, netting the top North American distributor of concrete accessories plus specialty construction and safety products. The company supplies construction materials, accessories and tools, primarily for professional concrete and masonry contractors in the United States and Canada with a combination of local specialization supported by national scale, providing a unique combination of products and … Merger supply chain management does not end here. Funds under New York investor and White Cap suitor Clayton, Dublier & Rice (CD&R) hold a 65 percent stake in the combined entity. Coastal Construction Products offers the specialty construction products for the waterproofing and restoration applications you face every day. Best Materials was acquired by Construction Supply Group on May 6, 2019. A detailed inventory of all property and equipment should be maintained to include documentation of ownership, date acquired, acquisition cost, and other relevant information. The carmakers announced that shareholders approved the merger by an overwhelming majority with more than 99% of the votes cast in favour of the transaction. Despite the challenges that have resulted, there are reasons to be optimistic. I’ve written about the role of supply chain in M&A’s before – in a specific case study (the Kraft-Heinz merger) and from a boots on the ground point of view. No financial terms were disclosed. Transaction Will Enhance Capabilities to Serve Professional Contractors with Broader Product & Service Offerings and Expanded Reach. White Cap Supply and Construction Supply Group (CSG) have combined in a transaction valued at approximately $4 billion, netting the top North American distributor of concrete accessories plus specialty construction and safety products. Eleven weeks after the industrial distributor announced it would sell its Construction & Supply – White Cap business unit to private firm Clayton, Dubilier & Rice, newly-formed White Cap Supply Holdings and Construction Supply Group (CSG) co-announced Monday that White Cap has been successfully separated from HD Supply and combined with CSG. Another great change at All-Tex is the addition of a robust computer system installed in each and every branch. White Cap operates 270 branches with approximately 5,500 employees and offers more than 400,000 stockkeeping units to 200,000 customers. Expertise You Can Trust. Layton Construction, a Utah-based construction company that’s had an office in Hawaii since 2006, will merge with STO Building Group Inc. by the end of this year. FMI Capital Advisors' Contractor and Construction Services team is a dedicated group specializing in M&A, capital formation, and ownership transition services for construction … Read employee reviews and ratings on Glassdoor to decide if Construction Supply Group is right for you. Clayton, Dubilier & Rice (CD&R) will acquire HD Supply’s Construction & Industrial segment, better known as White Cap and including the Home Improvement Solutions and Brafasco businesses, then pursue a merger of that entity with Construction Supply Group (CSG). The US engineering and construction (E&C) industry began 2020 on a bright note—and then COVID-19 hit. The merger eliminates 120 jobs by the end of February. Glassdoor has 3 Construction Supply Group reviews submitted anonymously by Construction Supply Group employees. Upon completion of the merger, Anixter became a wholly owned subsidiary of WESCO International. Skil Saw 13Amp Reciprocating Saw. A physical count About us Construction Supply Group is a leading distributor of specialty construction materials in the US and Canada. Construction Week's print and digital products cover emerging trends, contract and project updates, and product innovation, making them the premier source of information for the Middle East’s government and private-sector construction supply chains. Explore five engineering and construction industry trends that will impact the coming year, from connected construction to new business models. And with our technical sales team collaborating with industry experts, we can help solve your most complex challenges.. This page contains a map that may be difficult to use with assistive technology. Upon completing the acquisition, CD&R will merge White Cap with Construction Supply Group, a distributor of specialty concrete and masonry accessories in a move that will create a construction and safety supplies distributor with more than $4 billion in annual revenue. In 2016, Border Construction Specialties became part of Construction Supply Group. With 87 branches, over 1,100 associates, Construction Supply Group is committed to partnering with the best. 23 days ago. We can provide: sales@constructionsupplybellingham.com Welcome to Construction Supply Company, your experienced, knowledgeable, and local source for quality construction products and services. Mergers and acquisitions in the construction supply business are not new. Houston-based Sterling Group owns the remaining stake, having built CSG into a concrete and masonry construction supply powerhouse through a series of acquisitions starting with Brock White in late 2016. Construction Supply Group acquires Carter Waters Brock White, Border and Stetson parent company adds 19 stores to portfolio. Clayton, Dubilier & Rice (CD&R) will acquire HD Supply’s Construction & Industrial segment, better known as White Cap and including the Home Improvement Solutions and Brafasco businesses, then pursue a merger of that entity with Construction Supply Group (CSG). DENVER, Oct. 2, 2019 /PRNewswire/ -- Construction Supply Group ("CSG") announced today that it has completed the acquisition of Construction Materials. Construction Supply Group loads West Coast portfolio in Hub deal, Construction Supply Group adds All-Tex, Masonpro, Titan businesses, © 2020 by Semco Productions, LLC | All rights reserved, Investors set $4 billion Construction Supply Group, White Cap merger, Argos USA, liability heir, cooperates in feds' concrete price-fixing investigation, CalPortland moves CNG power upstream, from mixers to bulk tankers, Concrete Technology, WSDOT push the envelope with record 223-ft. girder, LafargeHolcim measures building enclosure prospects in Firestone deal, EPA rule clears traditional opaqueness in science justifying regulatory actions, Buy your copy of the updated 2020 Cement Directory today. 2 Specified Air Solutions. Construction Supply Group is combining with White Cap®! With 130 branches and approximately 2,000 employees, CSG has a highly complementary footprint to White Cap in terms of product depth and geography, offering more than 60,000 sku to 65,000 customers. Our mission is to supply you, the building professional, with the tools and materials necessary to efficiently complete your important projects. Construction Supply Group’s national buying power will also enable us to be very competitive and have access to more lines of products. The Company offers construction materials, accessories, and tools. A … Construction Supply Group General Information Description. Another great change at All-Tex is the addition of a robust computer system installed in each and every branch. Two private equity fund managers have outlined a transaction creating a powerhouse in concrete and masonry construction accessories and supplies. Clayton, Dubilier & Rice (CD&R), New York, will acquire HD Supply’s Construction & Industrial segment, better known as White Cap and including the Home Improvement Solutions and Brafasco businesses, then pursue a merger of that Norcross, Ga. … All content is posted anonymously by employees working at Construction Supply Group. 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