HD To Sell White Cap Business Segment

HD Supply Holdings, Inc. plans to sell its Construction & Industrial--White Cap business, a distributor of specialty concrete and construction products and services in North America, to an affiliate of Clayton, Dubilier & Rice. This transaction will enable HD Supply to intensify its focus on facilities maintenance, while also returning capital to HD Supply shareholders. Once the transaction is complete, John Stegeman, current CEO of White Cap, and Alan Sollenberger, current president, are expected to continue to lead the Construction & Industrial business, which will include the White Cap, Home Improvement Solutions, and Brafasco businesses. The transaction is expected to close in October.