Core & Main

Core & Main is an American company that is a distributor of water, sewer and fire protection products. It is headquartered in St. Louis, Missouri.

Core & Main, Inc.

Company type	Public company
Traded as	NYSE: CNM (Class A) S&P 400 component
Industry	Distributor
Predecessor	HD Supply Waterworks
Founded	August 2017; 7 years ago (2017-08)[1]/ 1996[2]
Headquarters	St. Louis, Missouri , United States
Key people	Steve LeClair (CEO) Jack Schaller (President)
Products	Distributor of water, sewer and fire protection products
Revenue	US$5 billion (2022)[citation needed]
Net income	US$166 million (2022)[citation needed]
Number of employees	4,500 (2022)[2]
Website	coreandmain.com

History

On 1 August 2017, Clayton, Dubilier & Rice acquired the Waterworks division of HD Supply and changed its name to Core & Main.^[3][4] Goldman Sachs & Co, LLC served as financial advisor and King & Spalding served as legal counsel to HD Supply on the transaction.^[5]

SEC filings from December 2014 show that The Carlyle Group and Clayton, Dubilier, & Rice had sold off their holdings of HD Supply 3 years before this purchase of the Waterworks division.^[6]

Acquisitions

Company	Headquartered	Date	Ref
Long Island Pipe Supply, Inc.	Garden City, NY	2019-05-08	[7]
Maskell Pipe & Supply, Inc	Corona, CA	2019-02-05	[8]
DCL Fabrication & Supply	Bridgeton, MO	2019-01-21	[citation needed]
Finish Line Systems	Wheat Ridge, CO	2018-08-15	[9]
DOT Sales Company	Fontana, CA	2018-07-31	[10]
St. Louis Fabrication & Supply	St. Louis, MO	2018-06-18	[citation needed]
Minnesota Pipe & Equipment	Farmington, MN	2017-09-28	[11]