August 11, 2020
To Our Valued CSG Customers,
We have exciting news to share with you today.
On Tuesday, August 11, HD Supply Holdings, Inc. announced that it has entered into a definitive agreement to sell the HD Supply Construction and Industrial business, known as White Cap, to Clayton, Dubilier & Rice (CD&R), a leading global private investment firm.
Additionally, CD&R announced its intent to obtain regulatory approval to combine White Cap with Construction Supply Group (CSG), in partnership with The Sterling Group, the majority owner of CSG.
We are excited and committed to this intended combination, when regulatory approval is obtained, to provide a broader product offering with more convenience, and drive an even stronger level of service for our customers.
In the meantime, while CD&R gains regulatory approval and works toward closing with HD Supply and The Sterling Group, both CSG and White Cap will operate as standalone companies. We expect the transaction to close in October 2020.
Our commitment to delivering the outstanding service and solutions you have come to expect from CSG will remain our focus. We will continue to share details as appropriate moving forward.
CEO, Construction Supply Group