HD Supply Holdings Inc. announced it had agreed to sell the company’s Construction & Industrial – White Cap business to an affiliate of private equity firm CD&R for $2.9 billion.
HD Supply will consist of one core business, facilities Maintenance. The Facilities Maintenance business will continue to focus on providing MRO products, value-add services, and custom products to multifamily, hospitality, healthcare, and institutional property owners and managers, according to the company.