“We 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 company will merge with another road construction company, Jefferson City-based Capital Holdings Group. Merger supply chain management does not end here. 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 … Expertise You Can Trust. “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. With 87 branches, over 1,100 associates, Construction Supply Group is committed to partnering with the best. 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, … 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. 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 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. And with our technical sales team collaborating with industry experts, we can help solve your most complex challenges.. Skil Saw SPT55-11 16" WORM DRIVE CHAINSAW Best Materials was acquired by Construction Supply Group on May 6, 2019. 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. Protection from the Ground Up. 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 … We can provide: sales@constructionsupplybellingham.com Despite the challenges that have resulted, there are reasons to be optimistic. 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. CD&R funds and Sterling Group will hold respective 65 percent and 35 percent ownership interests in the combined entity. 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. Read employee reviews and ratings on Glassdoor to decide if Construction Supply Group is right for you. 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, … There should be a series of follow-up assessments to assure the system is working smoothly and effectively. 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. 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. Distributor of construction supply materials. 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. 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. Source: American Concrete Institute, Farmington Hills, Mich. “This transformational combination simultaneously increases our product and service offering, capabilities, and diversification and establishes our business as a focused, independent company,” says Stegeman. 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. 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. Investors set $4 billion Construction Supply Group, White Cap merger, © 2020 by Semco Productions, LLC | All rights reserved. The US engineering and construction (E&C) industry began 2020 on a bright note—and then COVID-19 hit. Construction Supply Group, a portfolio company of The Sterling Group, has acquired Holdfast and Concrete Accessories & Rentals. This page contains a map that may be difficult to use with assistive technology. Upon completion of the merger, Anixter became a wholly owned subsidiary of WESCO International. 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. 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. We provide solutions, not just products. Two private equity fund managers have outlined a transaction creating a powerhouse in concrete and masonry construction accessories and supplies. The US engineering and construction (E&C) industry began 2020 on a bright note—and then COVID-19 hit. Construction Supply Group is a leading distributor of specialty construction materials in the US and Canada. 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. In 2016, Border Construction Specialties became part of Construction Supply Group. Apply now. Transaction Will Enhance Capabilities to Serve Professional Contractors with Broader Product & Service Offerings and Expanded Reach. Sources: White Cap Holdings LLC, Atlanta; CP staff. Sterling has executed a strategy to bring together multiple leading regional and local construction supply distributors. ... (OEM) products, construction materials, and advanced supply … Sources: Clayton, Dubilier & Rice, New York; HD Supply Holdings, Inc., Atlanta; CP staff. The merger eliminates 120 jobs by the end of February. Despite the challenges that have resulted, there are reasons to be optimistic. “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.”. 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. view partnership. 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. 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