There has been a delay in the closing of the
$10.3 billion sale of HD Supply, Home Depot Inc.’s wholesale distribution arm.
Private equity firms Clayton Dubilier & Rice, Carlyle Group, and Bain
Capital have pushed the sale from Aug. 16 to Aug. 23, and could fail to move
forward. Home Depot's discussions on restructuring the sale with affiliates of
the three firms could lead to a lowering of the sale price.
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For plumbers in Flint, Mich., “it’s been a heck of a year,” said Harold T. Harrington, a master plumber and pipefitter working as the business manager for Flint’s United Association of Plumbers and Pipefitters, Local 370. Read more stories in 2017 March Issue.