HD Supply
| Company type | Public (until reacquisition in 2020) |
|---|---|
| Industry | Industrial distribution |
| Predecessor | Maintenance Warehouse |
| Founded | 1974 in San Diego, California, United States |
| Fate | Reacquired by The Home Depot in December 2020 |
| Headquarters | United States |
Area served | North America (48 U.S. states and 7 Canadian provinces) |
| Products | Maintenance, repair and operations; infrastructure and power; specialty construction products |
| Owner | The Home Depot (since December 2020) |
| Parent | The Home Depot |
HD Supply Holdings, Inc. (originally known as Maintenance Warehouse) operates as a leading industrial distributor in North America, catering to around 250,000 professional clients within the maintenance, repair and operations, infrastructure and power, as well as specialty construction industries. In December 2020, the company was reacquired by The Home Depot.
History
Established in 1974 in San Diego, California under the name Maintenance Warehouse, the business was purchased by The Home Depot in 1997. The brand transitioned to HD Supply in 2004. Two years later, in 2006, Home Depot expanded HD Supply by acquiring Hughes Supply for $3.2 billion and integrating it into the existing operations.
After a shift in leadership at Home Depot, HD Supply was divested in 2007 to private equity investors Bain Capital, The Carlyle Group, and Clayton, Dubilier & Rice as part of a strategy to generate funds for stock buybacks.
HD Supply Holdings launched its initial public offering on June 27, 2013, pricing shares at $18 each and beginning trading on the NASDAQ Global Select Market with the ticker symbol HDS. By December 2014, both The Carlyle Group and Clayton, Dubilier & Rice had exited their investments. In August 2017, Clayton, Dubilier & Rice acquired the Waterworks division from HD Supply and rebranded it as Core & Main.
In October 2020, HD Supply’s Construction & Industrial segment, White Cap, separated and combined with Construction Supply Group under shared private equity ownership between Clayton Dubilier & Rice and The Sterling Group.
On November 16, 2020, HD Supply Holdings revealed its plan to be reacquired by The Home Depot.
Current business
After going public on June 27, 2013, trading under the NASDAQ ticker HDS, HD Supply Holdings organizes its business into three primary divisions serving a network of 650 locations throughout 48 U.S. states and seven Canadian provinces:
- Maintenance, Repair and Operations – HD Supply Facilities Maintenance
- Specialty Construction – HD Supply Construction & Industrial: White Cap (United States)
- Specialty Construction – HD Supply Construction & Industrial: Brafasco (Canada)