ATLANTA — HD Supply Holdings, Inc. today announced that it has entered into a definitive agreement to purchase A.H. Harris Construction Supplies, a leading specialty construction distributor serving the northeast and mid-Atlantic regions. The purchase price is approximately $380 million. The transaction is expected to close in HD Supply’s first fiscal quarter of 2018, subject to obtaining customary regulatory approvals.
Headquartered in Hartford, Connecticut, A.H. Harris Construction Supplies operates more than 50 branches across 12 states and generated annual sales of approximately $380 million over the last twelve months.
“We are committed to investing in our business to continue to enhance our offering and customer experience,” said John Stegeman, President, HD Supply Construction & Industrial. “The strategic addition of A.H. Harris perfectly aligns with our One Team culture and our commitment to provide the best mix of products, value-added services and expert solutions for our customers across our priority local markets.”
The purchase of A.H. Harris Construction Supplies further strengthens HD Supply Construction & Industrial – White Cap’s position as it enhances its market presence in the northeastern United States, deepens its product expertise, and increases its penetration of value-add service offerings. The transaction aligns with HD Supply’s focused growth strategy to sell more to existing customers and acquire new customers.
“HD Supply will continue to focus on extending its position through disciplined organic growth execution and by selectively acquiring complementary companies such as A.H. Harris,” stated Joe DeAngelo, CEO of HD Supply. “We are excited to welcome the A.H. Harris associates to our HD Supply family.”
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