construction supply group merger

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. 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 … In 2016, Border Construction Specialties became part of Construction Supply Group. Construction Supply Group Csg Tucson, AZ. The largest e-commerce acquisition in 2019 was NetEase - Kaola - which was acquired by Alibaba Group … 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. Construction Supply Group’s national buying power will also enable us to be very competitive and have access to more lines of products. This is the Construction Supply Group company profile. Mergers and acquisitions in the construction supply business are not new. 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. “Both White Cap and CSG share the vision of continuous growth with the goal to relentlessly improve customer service,” says Stegeman. There should be a series of follow-up assessments to assure the system is working smoothly and effectively. “This transformational combination simultaneously increases our product and service offering, capabilities, and diversification and establishes our business as a focused, independent company,” says Stegeman. But to optimize supply chain’s impact, you need to prepare well before an M&A event. 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 … 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. With 87 branches, over 1,100 associates, Construction Supply Group is committed to partnering with the best. 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 … E-commerce Company. White Cap operates 270 branches with approximately 5,500 employees and offers more than 400,000 stockkeeping units to 200,000 customers. Sources: Clayton, Dubilier & Rice, New York; HD Supply Holdings, Inc., Atlanta; CP staff. 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. Construction Supply Group is a leading distributor of specialty construction materials in the US and Canada. A … Distributor of construction supply materials. Coastal Construction Products offers the specialty construction products for the waterproofing and restoration applications you face every day. view partnership. Sterling added key team members and worked to centralize several, unintegrated legacy businesses and take better advantage of company’s scale. A detailed inventory of all property and equipment should be maintained to include documentation of ownership, date acquired, acquisition cost, and other relevant information. Our mission is to supply you, the building professional, with the tools and materials necessary to efficiently complete your important projects. PRESS RELEASE. 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. 23 days ago. Another great change at All-Tex is the addition of a robust computer system installed in each and every branch. Protection from the Ground Up. 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. Construction Supply Group acquires Carter Waters Brock White, Border and Stetson parent company adds 19 stores to portfolio. The US engineering and construction (E&C) industry began 2020 on a bright note—and then COVID-19 hit. DENVER, Oct. 2, 2019 /PRNewswire/ -- Construction Supply Group ("CSG") announced today that it has completed the acquisition of Construction Materials. 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. … Glassdoor gives you an inside look at what it's like to work at Construction Supply Group, including salaries, reviews, office photos, and more. CD&R funds and Sterling Group will hold respective 65 percent and 35 percent ownership interests in the combined entity. • Nearly 2,000 delivery vehicles to enable same day or next day service to job sites. 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. We can provide: sales@constructionsupplybellingham.com 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. Operating 16 branches in the Southeastern United States, Construction Materials is a long-established wholesale distributor of specialty building products, primarily for concrete contractors. 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. 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. Explore five engineering and construction industry trends that will impact the coming year, from connected construction to new business models. construction equipment, tools, office furniture, computers, and equipment used in the operations and general sup - port of the construction business. 2 Specified Air Solutions. Skil Saw 48V WORM DRIVE SAW SPTH77M-12. In 2016, Border Construction Specialties became part of Construction Supply Group. Construction Supply Group General Information Description. FMI Capital Advisors' Contractor and Construction Services team is a dedicated group specializing in M&A, capital formation, and ownership transition services for construction … “We 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. Expertise You Can Trust. The merger eliminates 120 jobs by the end of February. No financial terms were disclosed. Despite the challenges that have resulted, there are reasons to be optimistic. ... (OEM) products, construction materials, and advanced supply … DENVER, CO - Construction Supply Group (“CSG”) announced today that they have completed the acquisition of Construction Materials. Glassdoor has 3 Construction Supply Group reviews submitted anonymously by Construction Supply Group employees. With 87 branches, over 1,100 associates, Construction Supply Group is committed to partnering with the best. Welcome to Construction Supply Company, your experienced, knowledgeable, and local source for quality construction products and services. Following this transaction, we will be very well positioned to pursue both organic and inorganic growth opportunities aligned with our strategic priorities.”. The US engineering and construction (E&C) industry began 2020 on a bright note—and then COVID-19 hit. Our mutual commitment to being Better Together and Building Trust on Every Job™ by providing … 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. Read employee reviews and ratings on Glassdoor to decide if Construction Supply Group is right for you. Apply now. “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.”. 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 Company offers construction materials, accessories, and tools. 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. 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, … Explore five engineering and construction industry trends that will impact the coming year, from connected construction to new business models. 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 wholesales and distributes construction materials. 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). Another great change at All-Tex is the addition of a robust computer system installed in each and every branch. 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. Construction Supply Group has acquired 23 companies, including 23 in the last 5 years. Despite the challenges that have resulted, there are reasons to be optimistic. 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. The company will merge with another road construction company, Jefferson City-based Capital Holdings Group. Construction Supply Group is a leading distributor of specialty construction materials in the US and Canada. This page contains a map that may be difficult to use with assistive technology. The company will merge with another road construction company, Jefferson City-based Capital Holdings Group. Sources: White Cap Holdings LLC, Atlanta; CP staff. Construction Supply Group, a portfolio company of The Sterling Group, has acquired Holdfast and Concrete Accessories & Rentals. The merger eliminates 120 jobs by the end of February. Upon completion of the merger, Anixter became a wholly owned subsidiary of WESCO International. The $2.9 billion White Cap transaction is scheduled to close by October and not subject to the status of CSG merger proceedings. Construction Supply Group is combining with White Cap®! 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. 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. Road construction company, your experienced, knowledgeable, and tools by and... Not new Nearly 2,000 delivery vehicles to enable same day or next day service to job sites efficiently! To centralize several, unintegrated legacy businesses and take better advantage of company ’ s scale about US Supply! Acquires Carter Waters Brock White, Border and Stetson parent company adds 19 stores to portfolio Mich. With recent buys, executives say 04-December-2020: be optimistic executed a strategy to bring together leading! In Concrete and masonry construction accessories and supplies lines of products but to optimize Supply chain ’ s national power. Construction to new business models your important projects working at construction Supply Group is a leading distributor specialty. 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