Distributors

Interline Brands acquisition: We didn’t tell you so, but…

On precisely the same day that tedmag.com posted an article about CDR and Berkshire Hathaway’s separate acquisitions of industrial distributors—demonstrating outside interest in owning distribution companies—a partnership of two private equity concerns said it would buy Interline Brands.

Valued at $1.1 billion, the deal includes (one of the private equity interest on the buy side) a unit of Goldman Sachs.

According to the news release, the price ($25.50/share) announced on May 29 “represents a premium of approximately 42%” to the May 25, 2012, closing price of Interline Brands shares.

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