STOCK TITAN

Core & Main Completes Acquisition of ARGCO Northeast LLC

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)

Core & Main (NYSE: CNM) has completed its acquisition of ARGCO Northeast , a fire protection products distributor based in Saddle Brook, New Jersey. The acquisition, which was previously announced, involves substantially all assets of ARGCO Northeast's single location operation. This strategic move aligns with Core & Main's focus on advancing reliable infrastructure with local service nationwide.

Core & Main (NYSE: CNM) ha completato l'acquisizione di ARGCO Northeast, un distributore di prodotti per la protezione contro gli incendi con sede a Saddle Brook, nel New Jersey. L'acquisizione, precedentemente annunciata, coinvolge sostanzialmente tutti gli asset dell'operazione a singola sede di ARGCO Northeast. Questa mossa strategica si allinea con l'obiettivo di Core & Main di promuovere un'infrastruttura affidabile con un servizio locale a livello nazionale.

Core & Main (NYSE: CNM) ha completado la adquisición de ARGCO Northeast, un distribuidor de productos para la protección contra incendios con sede en Saddle Brook, Nueva Jersey. La adquisición, que fue anunciada previamente, implica prácticamente todos los activos de la operación de una sola ubicación de ARGCO Northeast. Este movimiento estratégico se alinea con el enfoque de Core & Main en avanzar hacia una infraestructura confiable con servicio local en todo el país.

Core & Main (NYSE: CNM)는 뉴저지 주 새들 브룩에 본사를 둔 화재 보호 제품 유통업체인 ARGCO Northeast의 인수를 완료했습니다. 이전에 발표된 이 인수는 ARGCO Northeast의 단일 운영 위치에 대한 대부분의 자산을 포함합니다. 이 전략적 움직임은 Core & Main이 전국적으로 지역 서비스를 갖춘 신뢰할 수 있는 인프라를 발전시키려는 목표와 일치합니다.

Core & Main (NYSE: CNM) a achevé l'acquisition de ARGCO Northeast, un distributeur de produits de protection contre l'incendie basé à Saddle Brook, dans le New Jersey. L'acquisition, annoncée précédemment, concerne pratiquement tous les actifs de l'opération d'un seul site d'ARGCO Northeast. Ce mouvement stratégique s'aligne avec l'accent mis par Core & Main sur l'avancement d'infrastructures fiables avec un service local à l'échelle nationale.

Core & Main (NYSE: CNM) hat die Übernahme von ARGCO Northeast, einem Distributor von Brandschutzprodukten mit Sitz in Saddle Brook, New Jersey, abgeschlossen. Die zuvor angekündigte Übernahme betrifft nahezu alle Vermögenswerte des einzelnen Standortbetriebs von ARGCO Northeast. Dieser strategische Schritt steht im Einklang mit dem Ziel von Core & Main, eine zuverlässige Infrastruktur mit lokalem Service im ganzen Land voranzutreiben.

Positive
  • Strategic expansion into fire protection products market in New Jersey
  • Acquisition strengthens local service capabilities in Northeast region
Negative
  • None.

Insights

The acquisition of ARGCO Northeast strengthens Core & Main's position in the fire protection market and expands its geographical footprint in the strategically important Northeast region. With a $9.2B market cap, CNM continues its strategic growth through acquisitions, following its pattern of consolidating regional distributors. The Saddle Brook location provides access to the dense New Jersey/New York metropolitan market, potentially driving revenue growth through increased market penetration and cross-selling opportunities. While the financial terms weren't disclosed, this bolt-on acquisition aligns with CNM's historical approach of acquiring profitable, well-established regional players to enhance its specialty distribution network. The fire protection segment represents a stable, regulation-driven market with recurring revenue potential from both new construction and maintenance requirements.

ST. LOUIS--(BUSINESS WIRE)-- Core & Main Inc. (NYSE: CNM), a leading specialty distributor dedicated to advancing reliable infrastructure with local service, nationwide, has closed its previously announced acquisition of substantially all the assets of ARGCO Northeast LLC, a distributor of fire protection products with a single location in Saddle Brook, New Jersey.

About Core & Main

Based in St. Louis, Core & Main is a leader in advancing reliable infrastructure™ with local service, nationwide®. As a specialty distributor with a focus on water, wastewater, storm drainage and fire protection products and related services, Core & Main provides solutions to municipalities, private water companies and professional contractors across municipal, non-residential and residential end markets, nationwide. With more than 350 locations across the U.S., the company provides its customers local expertise backed by a national supply chain. Core & Main’s nearly 5,500 associates are committed to helping their communities thrive with safe and reliable infrastructure. Visit coreandmain.com to learn more.

Cautionary Note Regarding Forward-Looking Statements

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.

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.

FAQ

What company did Core & Main (CNM) acquire in New Jersey?

Core & Main acquired ARGCO Northeast , a fire protection products distributor located in Saddle Brook, New Jersey.

What type of business does ARGCO Northeast operate?

ARGCO Northeast operates as a distributor of fire protection products with a single location in Saddle Brook, New Jersey.

Has Core & Main (CNM) completed the ARGCO Northeast acquisition?

Yes, Core & Main has completed the acquisition of substantially all assets of ARGCO Northeast

Where is the acquired ARGCO Northeast facility located?

The acquired ARGCO Northeast facility is located in Saddle Brook, New Jersey.

Core & Main, Inc.

NYSE:CNM

CNM Rankings

CNM Latest News

CNM Stock Data

8.75B
191.96M
0.34%
108.03%
6.57%
Industrial Distribution
Wholesale-durable Goods, Nec
Link
United States of America
ST. LOUIS