HD Supply Holdings, Inc. (formerly Maintenance Warehouse) is an industrial distributor in North America. The company provides a broad range of products and value-added services to approximately 250,000 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., often referred to as Home Depot, is an American multinational corporation, multinational home improvement retail corporation that sells tools, construction products, appliances, and services, including fuel and transportat ...

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, LP is an American Investment company, private investment firm based in Boston, Massachusetts, Boston, Massachusetts, with around $185 billion of assets under management. It specializes in private equity, venture capital, credit, p ...

The Carlyle Group The Carlyle Group Inc. is an American multinational company with operations in private equity, alternative asset management and financial services. As of 2023, the company had $426 billion of assets under management. Carlyle specializes in ...

, and

Clayton, Dubilier & Rice Clayton, Dubilier & Rice, LLC (CD&R) is an American private equity company. CD&R is the 24th oldest private equity firm in the world. CD&R has managed the investment of more than $30 billion in approximately 90 businesses, representing a bro ...

, 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) is an American stock exchange based in New York City. It is the most active stock trading venue in the U.S. by volume, and ranked second on the list ...

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,

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)

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 Bain Capital companies The Carlyle Group companies