We want to hear from you. Watch the video above for … HD Supply has 44 distribution centers in 25 states and two Canadian provinces. ATLANTA, Dec. 24, 2020 — The Home Depot, the world’s largest home improvement retailer, has completed the acquisition of HD Supply Holdings, Inc., for a total enterprise value (including net cash) of approximately $8 billion.HD Supply is a leading national distributor of maintenance, repair and operations (MRO) products in the multifamily and hospitality end markets. Get this delivered to your inbox, and more info about our products and services. Home Depot, which sold HD Supply in 2007 for $8.5 billion to Bain Capital, Carlyle Group and Clayton, Dubilier & Rice, said it will fund the buy back through a combination of cash and debt. The Home Depot announced it has entered into a definitive agreement to acquire HD Supply Holdings, a leading national distributor of maintenance, repair and operations (MRO) products in the multifamily and hospitality end markets. Home Depot—recognized as the world’s largest home improvement retailer with both B2B and retail sales on HomeDepot.com as well as through its chain of more than 2,200 stores—has made a cash tender offer to purchase all of the outstanding shares of HD Supply Holdings Inc. at $56 per share, the two companies said today. Home Depot is reuniting with former subsidiary HD Supply, buying the company in a deal valued at about $8 billion. ATLANTA, Nov. 16, 2020 /PRNewswire/ -- The Home Depot ®, the world's largest home improvement retailer, today announced it has entered into a definitive agreement to acquire HD Supply … The report also said it was unclear whether there were discussions with other suitors. The Home Depot Inc. is out to build its presence in the maintenance, repair and operations (MRO) business with a “definitive agreement” to purchase for about $9 billion HD Supply Inc., an MRO distribution business it sold 13 years ago. Home Depot will buy all outstanding shares for about $56 apiece, according to a statement Monday, representing a premium of about 25% over HD Supply’s closing price on Friday. Dive Brief: The Home Depot on Monday announced it will acquire HD Supply Holdings, a maintenance, repair and operations products wholesale distributor, for about $8 billion. HD Supply Holdings (HDS) - Get Report shares soared to an all-time high Monday after agreeing an $8 billion takeover by Home Depot (HD) - Get Report. Instead, the prodigal distributor returned home this week when The Home Depot announced it was re-acquiring HD Supply. HD Supply is a distributor of maintenance, repair and operations products in … It’s been 13 years since Home Depot, under then CEO Frank Blake, sold HD Supply to a group of private equity firms. With the deal, Home depot is looking to expand its reach into building utility and maintenance products, betting that the economic toll of the COVID-19 pandemic will force swathes of Americans to look for affordable housing. With about 156 million shares outstanding, according to a filing, the offer is valued at roughly $8.7 billion. HD Supply’s stock price soared more than 24 percent on news of the deal to $55.73 in early trading Monday, while Home Depot shares jumped as much as about 1 percent to $279.89. © 2021 CNBC LLC. Monday’s announcement comes about a week after Bloomberg News reported that Lowe’s had recently approached HD Supply and that the companies were in preliminary talks, citing people familiar with the matter at the time. The company will report third-quarter results on Tuesday. In a deal worth an estimated $8 billion, Home Depot has agreed to buy HD Supply Holdings, an Atlanta-based distributor of industrial products for businesses and apartments buildings. Professional customers currently account for about 45% of Home Depot’s sales, and HD Supply could help it cement its leadership position, said Drew Reading, an analyst with Bloomberg Intelligence. He formed the “HD Supply” division, bought a bunch of companies and integrated them. It’s been 13 years since Home Depot, under then CEO Frank Blake, sold HD Supply to a group of private equity firms. HD Supply, one of the largest distributors of appliances, plumbing, and electrical equipment in North America with over 500,000 customers, is expected to be accretive to earnings in 2021, Home Depot said. "With a bolstered sales force and enhanced supply chain, we have no doubt Home Depot will be a more formidable player in the$55 billion maintenance, repair and operations market for years to come," Jefferies analysts wrote. Home Depot sold the HD Supply in the business in 2007 to three private equity groups, lead by Bain Capital LLC, for $10.3 billion. HD Supply had more than $12 billion in revenue last year, making up 14.7 percent of the total company's $81.5 billion in revenue for 2006. HD Supply, a former Home Depot unit, provides a wide range of items and “value-add services” to roughly 300,000 clients with “leadership positions in … HD Supply, one of the largest distributors of appliances, plumbing, and electrical equipment in North America with over 500,000 customers, is expected to be accretive to earnings in 2021, Home Depot said. South Korea Leads World in Innovation as U.S. Exits Top Ten, Ant Reaches Agreement With China Regulators on Overhaul, Amazon’s Bezos to Cede Chief Executive Officer Role to Jassy, GameStop Short Interest Plunges in Sign Traders Are Covering, U.S. Like do-it-yourself repairs, that segment has boomed during the pandemic as Americans want to improve the homes they’re spending more time in. Including net cash, the deal has an enterprise value of about $8 billion, the companies said. Home Depot sold the construction-supply unit to a group of buyout firms -- Carlyle Group LP, Bain Capital LLC and Clayton, Dubilier & Rice LLC -- in 2007. The sale comes about a year after Home Depot bought Hughes Supply for $3.2 billion. Home Depot said it would buy industrial goods wholesaler HD Supply Holdings in a deal valued at about $8 billion. The company was re-acquired by The Home Depot in December 2020. Home Depot increased less than one per cent early Monday. The acquisition brings back together two companies that used to be under the same roof and will give Home Depot more exposure to the professional contractor side of the business. HD Supply is one of the largest wholesale distributors in North America. ATLANTA, Dec. 24, 2020 -- The Home Depot, the world's largest home improvement retailer, has completed the acquisition of HD Supply Holdings, Inc., for a total enterprise value (including net cash) of approximately $8 billion.HD Supply is a leading national distributor of maintenance, repair and operations (MRO) products in the multifamily and hospitality end markets. Home Depot Inc. (NYSE: HD) said Monday it entered into a definitive agreement to buy Atlanta-based HD Supply Holdings for approximately $8 billion. Deal worth about US$8 billion. HD Supply, one of the largest distributors of appliances, plumbing, and electrical equipment in North America with over 500,000 customers, is expected to be accretive to earnings in 2021, Home Depot said. (CercleFinance.com) - Home Depot annonce avoir finalisé son rachat pour huit milliards de dollars de HD Supply, distributeur de produits d'entretien et de … Home Depot has struck a deal to acquire its former subsidiary HD Supply for $9.1bn, increasing the US retailer’s presence in wholesale distribution 13 years after it disposed of the business. HD Supply is a wholesale distributor of electrical, plumbing, janitorial and other supplies that Home Depot sold in 2007 to a consortium of private-equity firms in a leveraged buyout valued at $8.4 billion. Shares jumped 24.5 % on the news at about $ 8 billion, the is... $ 10.3 billion as it turned its focus on its core retail business was up 11 per cent Monday. 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