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The Home Depot Closes Previously Announced $8 Billion Acquisition Of HD Supply

By John F. Heerdink, Jr.

As per reports, The Home Depot has completed the acquisition of HD Supply Holdings, Inc., for a total enterprise value (including net cash) of approximately $8 billion. The agreement to acquire HD Supply was announced on November 16, 2020.

The deal is expected to position The Home Depot as a leading provider in the divided maintenance, repair, and operations (MRO) marketplace, which the Home depot estimates to be approximately $55 billion.

“We’re thrilled to welcome HD Supply associates to The Home Depot,” “The combination of the two businesses will enable us to better serve both existing and new MRO customers, and I look forward to the value this acquisition will bring to our associates, customers, and shareholders.” stated Craig Menear, chairman & CEO of The Home Depot.

The Home Depot completed the acquisition of HD Supply through a merger of Coronado Acquisition Sub Inc. with and into HD Supply resulting in HD Supply became a wholly-owned subsidiary of The Home Depot.

The Home Depot, Inc. (HD) is the world’s largest home improvement retailer with retail stores all across North America. The Home Depot sells building materials and home improvement products, as well as lawn and garden supplies, and provides installation, home maintenance, and professional service programs. To learn more about The Home Depot, Inc. (HD), and to continue to track its progress please vista Partners The Home Depot, Inc. Coverage Page

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(Read Original Story: The Home Depot Completes Acquisition of HD Supply in PR Newswire)


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