Core & Main
{{Short description|American industrial company}}
{{Infobox company
| name = Core & Main, Inc.
| logo = Core_&_Main_logo.svg
| type = Public company
| traded_as = {{ubl|{{NYSE|CNM}} (Class A)|S&P 400 component}}
| founded = August 2017[https://coreandmain.com/who-we-are/about-us/ coreandmain.com – About us]/ 1996[https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=2504079 bloomberg.com – Core & Main LP]
| hq_location = St. Louis, Missouri, U.S.
| key_people = Steve LeClair (CEO)
Jack Schaller (President)
| industry = Distributor
| predecessor = HD Supply Waterworks
| products = Distributor of water, sewer and fire protection products
| revenue = {{profit}} {{US$|5 billion|link=yes}} (2022){{cn|date=July 2023}}
| net_income = {{profit}} US$166 million (2022){{cn|date=July 2023}}
| num_employees = 4,500 (2022)
| website = {{url|coreandmain.com}}
}}
Core & Main, Inc., headquartered in St. Louis, Missouri, is a U.S. distributor of water, sewer and fire protection products.
History
On 1 August 2017, Clayton, Dubilier & Rice acquired the Waterworks division of HD Supply and changed its name to Core & Main.[https://www.wateronline.com/doc/hd-supply-waterworks-changes-name-to-core-main-0001 wateronline.com – HD Supply Waterworks Changes Name To Core & Main][https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=43325500 bloomberg.com – Trading Companies and Distributor: Company Overview of HD Supply Waterworks Group and HD Supply Waterworks and Certain Other Waterworks Business Assets] Goldman Sachs & Co, LLC served as financial advisor and King & Spalding served as legal counsel to HD Supply on the transaction.[http://ir.hdsupply.com/news-releases/news-release-details/hd-supply-completes-sale-its-waterworks-business-unit-clayton hdsupply.com – HD Supply Completes Sale of its Waterworks Business Unit to Clayton, Dubilier & Rice], 1 August 2017. SEC filings from December 2014 show that The Carlyle Group and Clayton, Dubilier, & Rice had sold off their holdings of HD Supply{{cite news|title=HD Supply Holdings, Inc. Announces Pricing of Sale of 40,661,072 Shares of Common Stock by Selling Stockholders|url=http://ir.hdsupply.com/releasedetail.cfm?releaseid=887236|archive-url=https://web.archive.org/web/20150120062916/http://ir.hdsupply.com/releasedetail.cfm?releaseid=887236|archive-date=January 20, 2015|publisher=HD Supply|date=December 11, 2014|access-date=May 2, 2019|url-status=dead}} 3 years before this purchase of the Waterworks division.
= Acquisitions =
References
External links
- {{Official|https://www.coreandmain.com}}
{{Finance links
| name = Core & Main, Inc.
| symbol = CNM
| reuters = CNM.N
| bloomberg = CNM:US
| sec_cik = 1856525
| yahoo = CNM
| google = CNM:NYSE
}}
{{S&P 400 companies}}
{{authority control}}
{{Coord|38|41|30.9|N|90|26|29.7|W|region:US-MO_type:company|display=title}}
Category:Companies based in St. Louis
Category:Companies listed on the New York Stock Exchange
Category:Private equity portfolio companies
Category:2021 initial public offerings
Category:Companies in the S&P 400
{{DEFAULTSORT:Core and Main}}