Plumbing / Latest News

HD Supply plans for IPO

Private equity owners will take HD Supply public, nearly six years after buying the industrial distribution company out of Home Depot Inc.

March 7, 2013
/ Print / Reprints /
ShareMore
/ Text Size+
HD Supply logo

Private equity owners will take HD Supply public, nearly six years after buying the industrial distribution company out of Home Depot Inc. for $8.5 billion, according to a report from Yahoo! News.

Bain Capital, Carlyle Group and Clayton, Dubilier & Rice, the buyout firms who jointly led the deal in 2007, plan to interview investment banks to select underwriters for the proposed initial public offering(IPO). Representatives for Bain and CD&R declined to comment. Carlyle and HD Supply did not immediately respond to requests for comment.

HD Supply is one of the largest distributors of construction, industrial and maintenance supplies in North America and the IPO would be the latest attempt to capitalize on the rebound in the U.S. housing sector.

Home Depot, which maintained a 12.5 percent stake in HD Supply as part of the buyout, declined to comment about the proposed IPO. Home Depot divested HD Supply after building it up into a $12 billion company, but the deal coincided with the credit crisis, and the business suffered from the subsequent downturn in the housing market.

HD Supply's performance has improved significantly in recent years as residential and commercial construction rebounds from the trough of the financial crisis. It reported $7 billion in revenues and more than $500 million in adjusted earnings before interest, tax, depreciation and amortization (EBITDA) for the fiscal year ended January 2012.


Helpful Links:

 

Source: Yahoo! News

Did you enjoy this article? Click here to subscribe to Plumbing & Mechanical. 

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

2014 Truck of the Month

PM has featured so many great plumbing service trucks! See plenty of them here in our Truck Of The Month Archives page. Are you proud of your truck? Go to our Truck of the Month page to find out how your service truck could be chosen!

8/19/14 9:00 am PDT

Free Webinar: Firestop Systems

HOLDRITE will be hosting a free webinar for Firestop Systems on Tuesday, August 19, 2014.

Plumbing and Mechanical

June 2014

2014 June

In the June issue of Plumbing & Mechanical, read about the Burke Agency and find out why they are the 2014 Plumbing & Mechanical Rep of the Year. Read about the latest method for renewable fuel, what to take into account when installing indoor climate systems and learn to be a trusted advisor with the 2015 water heater regulations. Find out who is this month's Truck of the Month, read this month's Tool Tips and check out the latest products and news from the plumbing and mechanical industry.
Table Of Contents Subscribe

Industry News Access

What’s your favorite electronic device to access industry news?
View Results Poll Archive

The Plumbing and Mechanical Store

plumbing-hvac.gif
2014 National Plumbing & HVAC Estimator

Every plumbing and HVAC estimator can use the cost estimates in this practical manual!

More Products

Clear Seas Research

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

Truck of the Month

Truck of the month

Are you proud of how your service truck looks? Do the graphics give people whiplash as they drive by? Have your calls increased because people remember your truck — and your company name? If so, we’d like to see it, too! Click here to find out how your service truck could be chosen as PM's Truck of the Month.

 

STAY CONNECTED

Connect to PM on Facebook Connect to PM on Twitter  Watch PM on YouTube    Connect to PM on Linked InGoogle+