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.

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