Core & Main Completes Acquisition of GroGreen Solutions Georgia LLC
Core & Main Inc. (NYSE: CNM), a leader in advancing reliable infrastructure with local service nationwide, has completed its acquisition of substantially all assets of GroGreen Solutions Georgia, GroGreen Solutions is a leading provider of erosion control products with four locations across three states: two in Georgia, one in Florida, and one in Mississippi. This acquisition, previously announced, marks a significant expansion for Core & Main in the erosion control market and strengthens its presence in the southeastern United States.
Core & Main Inc. (NYSE: CNM), un leader nel miglioramento delle infrastrutture affidabili con servizio locale a livello nazionale, ha completato l'acquisizione di sostanzialmente tutti gli asset di GroGreen Solutions Georgia. GroGreen Solutions è un fornitore leader di prodotti per il controllo dell'erosione con quattro sedi distribuite in tre stati: due in Georgia, una in Florida e una in Mississippi. Questa acquisizione, annunciata in precedenza, segna una significativa espansione per Core & Main nel mercato del controllo dell'erosione e rafforza la sua presenza nel sud-est degli Stati Uniti.
Core & Main Inc. (NYSE: CNM), un líder en la mejora de infraestructuras confiables con servicio local en todo el país, ha completado su adquisición de prácticamente todos los activos de GroGreen Solutions Georgia. GroGreen Solutions es un proveedor líder de productos de control de erosión con cuatro ubicaciones en tres estados: dos en Georgia, una en Florida y una en Mississippi. Esta adquisición, anunciada previamente, marca una expansión significativa para Core & Main en el mercado de control de erosión y fortalece su presencia en el sureste de los Estados Unidos.
Core & Main Inc. (NYSE: CNM)는 전국적으로 지역 서비스를 제공하며 신뢰할 수 있는 인프라를 발전시키는 선두주자로, GroGreen Solutions Georgia의 거의 모든 자산을 인수 완료했습니다. GroGreen Solutions는 세 개 주에 네 개의 위치를 두고 있는 침식 방지 제품의 주요 공급업체입니다: 조지아에 두 곳, 플로리다에 한 곳, 미시시피에 한 곳이 있습니다. 이 인수는 이전에 발표된 바와 같이 Core & Main의 침식 방지 시장에서의 중요한 확장을 나타내며, 미국 남동부에서의 입지를 강화시킵니다.
Core & Main Inc. (NYSE: CNM), un leader dans l'avancement d'infrastructures fiables avec un service local à l'échelle nationale, a achevé son acquisition de pratiquement tous les actifs de GroGreen Solutions Georgia. GroGreen Solutions est un fournisseur de premier plan de produits de contrôle de l'érosion avec quatre emplacements dans trois États : deux en Géorgie, un en Floride et un au Mississippi. Cette acquisition, précédemment annoncée, marque une expansion significative pour Core & Main sur le marché du contrôle de l'érosion et renforce sa présence dans le sud-est des États-Unis.
Core & Main Inc. (NYSE: CNM), ein führendes Unternehmen in der Förderung zuverlässiger Infrastruktur mit lokalem Service landesweit, hat die Übernahme nahezu aller Vermögenswerte von GroGreen Solutions Georgia abgeschlossen. GroGreen Solutions ist ein führender Anbieter von Produkten zur Erosionskontrolle mit vier Standorten in drei Bundesstaaten: zwei in Georgia, einer in Florida und einer in Mississippi. Diese zuvor angekündigte Übernahme markiert eine bedeutende Erweiterung von Core & Main im Erosionskontrollmarkt und stärkt die Präsenz im Südosten der Vereinigten Staaten.
- Expansion into erosion control market
- Increased geographical presence in southeastern US
- Acquisition of a leading provider in the industry
- Addition of four strategic locations across three states
- None.
Insights
The acquisition of GroGreen Solutions Georgia by Core & Main (NYSE: CNM) is a strategic move that expands CNM's footprint in the southeastern United States. This deal strengthens Core & Main's position in the erosion control products market, potentially boosting revenue and market share in this specialized sector.
While financial details weren't disclosed, acquisitions like this often lead to synergies and cost efficiencies. The addition of four new locations across three states could enhance Core & Main's distribution network, potentially improving margins and customer service. However, investors should watch for integration costs and any short-term impacts on profitability.
Overall, this acquisition aligns with Core & Main's growth strategy and could contribute positively to long-term shareholder value, assuming smooth integration and realization of synergies.
Core & Main's acquisition of GroGreen Solutions Georgia is a calculated expansion into the erosion control market, which is experiencing growth due to increased infrastructure projects and environmental regulations. This move could position CNM to capitalize on rising demand for erosion control products, especially in regions prone to soil erosion and stormwater management challenges.
The strategic locations in Georgia, Florida and Mississippi tap into markets with significant construction activity and environmental concerns. This geographical expansion could provide Core & Main with a competitive edge in securing contracts for large-scale infrastructure and development projects in the Southeast.
Investors should monitor how this acquisition impacts Core & Main's market share and whether it leads to new contract wins or expanded relationships with existing customers in the coming quarters.
About Core & Main
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Certain statements contained in this press release include “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Examples of forward-looking statements include information concerning Core & Main’s financial and operating outlook, as well as any other statement that does not directly relate to any historical or current fact. In some cases, you can identify forward-looking statements by terminology such as “may,” “will,” “could,” “should,” “forecasts,” “expects,” “intends,” “plans,” “anticipates,” “projects,” “outlook,” “believes,” “estimates,” “predicts,” “potential,” “continue,” “preliminary,” or the negative of these terms or other comparable terminology. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we can give you no assurance these expectations will prove to have been correct. These forward-looking statements relate to future events or our future financial performance and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to differ materially from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements.
Additional information concerning these and other factors can be found in our filings with the Securities and Exchange Commission. All forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by the foregoing cautionary statements. All such statements speak only as of the date made and, except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events, or otherwise.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240909843554/en/
Investor Relations:
Robyn Bradbury, 314-995-9116
InvestorRelations@CoreandMain.com
Media Relations:
Jennifer Noonan, 314-750-9670
Jennifer.Noonan@CoreandMain.com
Source: Core & Main, Inc.
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