Home Depot To Reacquire HD Supply

Home Depot Inc. is buying building products distributor HD Supply Holdings Inc. The acquisition brings back together two companies that used to be under the same roof and will give Home Depot more exposure to the professional contractor side of the business. Like do-it-yourself repairs, that segment has boomed during the pandemic as Americans want to improve the homes they’re spending more time in. One of the largest industrial distributors in North America, HD Supply provides everything from bleach to doors and ceramic tile to about 500,000 customers from 270 branches and 44 distribution centres. Home Depot sold it to a group of buyout firms – Carlyle Group LP, Bain Capital LLC, and Clayton, Dubilier & Rice LLC – in 2007. The chain then went public in 2013.