Core & Main Signs Agreement to Acquire Green Equipment Company
Core & Main Inc. (NYSE: CNM), a leader in reliable infrastructure, has agreed to acquire Green Equipment Company, a provider of underground utility protection equipment based in Fort Worth, Texas. Green Equipment Company, founded in 1982, distributes damage prevention, utility locating, and wastewater inspection equipment across eight states. This acquisition is expected to enhance Core & Main's product portfolio and present new growth opportunities in the southwest and southeast United States.
The acquisition aligns with Core & Main's focus on delivering high-quality products with superior customer service. It is anticipated to strengthen Core & Main's ability to provide comprehensive solutions for underground utility needs. The deal's financial terms were not disclosed in the press release.
Core & Main Inc. (NYSE: CNM), un leader nelle infrastrutture affidabili, ha deciso di acquisire Green Equipment Company, un fornitore di attrezzature per la protezione dei servizi sotterranei con sede a Fort Worth, Texas. Green Equipment Company, fondata nel 1982, distribuisce attrezzature per la prevenzione dei danni, il localizzazione dei servizi e l'ispezione delle acque reflue in otto stati. Si prevede che questa acquisizione potenzi il portafoglio prodotti di Core & Main e offra nuove opportunità di crescita nel sud-ovest e nel sud-est degli Stati Uniti.
L'acquisizione è in linea con l'obiettivo di Core & Main di fornire prodotti di alta qualità con un servizio clienti superiore. Si prevede che rafforzi la capacità di Core & Main di offrire soluzioni complete per le necessità dei servizi sotterranei. I termini finanziari dell'accordo non sono stati divulgati nel comunicato stampa.
Core & Main Inc. (NYSE: CNM), un líder en infraestructuras confiables, ha acordado adquirir Green Equipment Company, un proveedor de equipos para la protección de servicios subterráneos con sede en Fort Worth, Texas. Green Equipment Company, fundada en 1982, distribuye equipos de prevención de daños, localización de servicios e inspección de aguas residuales en ocho estados. Se espera que esta adquisición mejore el portafolio de productos de Core & Main y presente nuevas oportunidades de crecimiento en el suroeste y sureste de los Estados Unidos.
La adquisición se alinea con el enfoque de Core & Main en ofrecer productos de alta calidad con un servicio al cliente superior. Se anticipa que fortalecerá la capacidad de Core & Main para proporcionar soluciones integrales para las necesidades de servicios subterráneos. Los términos financieros del acuerdo no fueron divulgados en el comunicado de prensa.
Core & Main Inc. (NYSE: CNM)은 신뢰할 수 있는 인프라의 선두주자로서 텍사스 포트워스에 본사를 둔 지하 유틸리티 보호 장비 공급업체인 Green Equipment Company를 인수하기로 합의했습니다. 1982년에 설립된 Green Equipment Company는 8개 주에서 손상 방지, 유틸리티 위치 파악 및 하수 검사 장비를 유통합니다. 이번 인수는 Core & Main의 제품 포트폴리오를 강화하고 미국 남서부 및 남동부에서 새로운 성장 기회를 제공할 것으로 기대됩니다.
이번 인수는 Core & Main의 고품질 제품 제공과 우수한 고객 서비스에 대한 초점과 일치합니다. Core & Main이 지하 유틸리티 요구에 대한 포괄적인 솔루션을 제공할 수 있는 능력을 강화할 것으로 예상됩니다. 거래의 재무 조건은 보도 자료에 공개되지 않았습니다.
Core & Main Inc. (NYSE: CNM), un leader en infrastructures fiables, a convenu d'acquérir Green Equipment Company, un fournisseur d'équipements de protection des services souterrains basé à Fort Worth, au Texas. Fondée en 1982, Green Equipment Company distribue des équipements de prévention des dommages, de localisation des services et d'inspection des eaux usées dans huit États. On s'attend à ce que cette acquisition renforce le portefeuille de produits de Core & Main et offre de nouvelles opportunités de croissance dans le sud-ouest et le sud-est des États-Unis.
L'acquisition est en phase avec l'engagement de Core & Main à fournir des produits de haute qualité avec un service client supérieur. On prévoit qu'elle renforcera la capacité de Core & Main à offrir des solutions globales pour les besoins en services souterrains. Les conditions financières de l'accord n'ont pas été divulguées dans le communiqué de presse.
Core & Main Inc. (NYSE: CNM), ein führendes Unternehmen im Bereich zuverlässiger Infrastruktur, hat zugestimmt, Green Equipment Company zu erwerben, einen Anbieter von Geräten zum Schutz unterirdischer Versorgungsleitungen mit Sitz in Fort Worth, Texas. Die 1982 gegründete Green Equipment Company vertreibt Geräte zur Schadensverhütung, zur Lokalisierung von Versorgungsleitungen und zur Abwasserinspektion in acht Bundesstaaten. Diese Übernahme wird voraussichtlich das Produktportfolio von Core & Main erweitern und neue Wachstumschancen im Südwesten und Südosten der Vereinigten Staaten bieten.
Die Übernahme steht im Einklang mit dem Ziel von Core & Main, qualitativ hochwertige Produkte mit überlegener Kundenbetreuung anzubieten. Es wird erwartet, dass sie die Fähigkeit von Core & Main stärkt, umfassende Lösungen für die Bedürfnisse unterirdischer Versorgungsleitungen bereitzustellen. Die finanziellen Einzelheiten des Deals wurden in der Pressemitteilung nicht bekannt gegeben.
- Expansion of Core & Main's product portfolio in underground utility protection equipment
- Increased market presence in southwest and southeast United States
- Acquisition of Green Equipment Company's expertise and customer relationships
- Potential for new growth opportunities in the underground utility industry
- None.
Insights
Core & Main's acquisition of Green Equipment Company is a strategic move to expand its product portfolio and geographical presence. This deal aligns with the company's growth strategy, potentially increasing market share in the underground utility sector. While financial details are not disclosed, the acquisition of a company with a 41-year history and presence across eight states suggests a significant investment. The move could diversify revenue streams and enhance Core & Main's competitive position in the infrastructure market. Investors should monitor for potential synergies and integration costs in upcoming financial reports to gauge the deal's impact on Core & Main's bottom line.
This acquisition signals Core & Main's intent to capitalize on the growing underground utility protection market. With increasing infrastructure investments and a focus on damage prevention, the demand for such equipment is likely to rise. Green Equipment Company's expertise in damage prevention, utility locating and wastewater inspection complements Core & Main's existing offerings, potentially opening new revenue channels. The deal also expands Core & Main's geographical footprint in the southwest and southeast U.S., which could lead to increased market penetration and customer base expansion. Investors should watch for how this acquisition affects Core & Main's market position and sales growth in these regions.
“Green Equipment Company's expertise and solid presence in the underground utility industry across the southwest and southeast
Founded in 1982, Green Equipment Company is a distributor of damage prevention, utility locating and wastewater inspection equipment, serving contractors, municipalities and utilities across eight states. The Green Equipment Company team offers its customers a variety of damage prevention products along with ongoing support, industry-leading training and comprehensive repair services.
"Green Equipment Company shares Core & Main’s focus on delivering high-quality products with a commitment to superior customer service," said Mike Huebert, president of Core & Main. "The client relationships and expansive knowledge they bring will enhance our ability to provide customers with robust solutions to their underground utility needs. We look forward to welcoming them into the Core & Main family."
"I am very proud of what our company has accomplished over the last 47 years, and most recently under the leadership of Vice President Zane Smith," said Ed Green, owner of Green Equipment Company. "We have worked hard to position our company as a leading, reliable resource for damage prevention equipment in the utility industry. I am confident that joining Core & Main, whose culture closely aligns with ours, will enable us to continue building on this legacy while providing my team with a wealth of additional resources and opportunities for growth."
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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/20240819446567/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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