Core & Main Completes Acquisition of Eastcom Associates Inc.
Core & Main (NYSE: CNM) has completed its acquisition of Eastcom Associates, a distributor of underground utility protection equipment based in Branchburg, New Jersey. The acquisition, which was previously announced, involves substantially all of Eastcom's assets. Eastcom operates from a single location and specializes in underground utility protection equipment distribution.
Core & Main (NYSE: CNM) ha completato l'acquisizione di Eastcom Associates, un distributore di attrezzature per la protezione delle utility sotterranee con sede a Branchburg, nel New Jersey. L'acquisizione, già annunciata in precedenza, coinvolge praticamente tutti gli asset di Eastcom. Eastcom opera da una sola sede e si specializza nella distribuzione di attrezzature per la protezione delle utility sotterranee.
Core & Main (NYSE: CNM) ha completado su adquisición de Eastcom Associates, un distribuidor de equipos de protección para servicios subterráneos con sede en Branchburg, Nueva Jersey. La adquisición, que fue anunciada anteriormente, implica prácticamente todos los activos de Eastcom. Eastcom opera desde una sola ubicación y se especializa en la distribución de equipos de protección para servicios subterráneos.
Core & Main (NYSE: CNM)은 뉴저지주 브랜치버그에 본사를 두고 있는 지하 공공시설 보호 장비 유통업체인 Eastcom Associates의 인수 작업을 완료했습니다. 이전에 발표된 인수는 Eastcom의 자산 대부분을 포함합니다. Eastcom은 단일 장소에서 운영되며 지하 공공시설 보호 장비 유통을 전문으로 합니다.
Core & Main (NYSE: CNM) a finalisé son acquisition de Eastcom Associates, un distributeur d'équipements de protection pour services souterrains basé à Branchburg, dans le New Jersey. L'acquisition, qui a été annoncée précédemment, concerne pratiquement tous les actifs d'Eastcom. Eastcom opère à partir d'un seul site et se spécialise dans la distribution d'équipements de protection pour services souterrains.
Core & Main (NYSE: CNM) hat die Übernahme von Eastcom Associates abgeschlossen, einem Distributor von Ausrüstungen zum Schutz von unterirdischen Versorgungsleitungen mit Sitz in Branchburg, New Jersey. Die zuvor angekündigte Übernahme umfasst nahezu alle Vermögenswerte von Eastcom. Eastcom operiert von einem einzigen Standort und ist auf den Vertrieb von Ausrüstungen zum Schutz von unterirdischen Versorgungsleitungen spezialisiert.
- Strategic expansion into underground utility protection equipment market
- Geographic expansion into New Jersey market
- Acquisition of established distribution business
- None.
Insights
This strategic acquisition strengthens Core & Main's position in the underground utility protection equipment market, particularly in the lucrative Northeast region. The deal with Eastcom Associates adds valuable distribution capabilities and customer relationships in New Jersey, complementing CNM's existing infrastructure network. While the financial terms weren't disclosed, this bolt-on acquisition aligns with CNM's growth strategy of expanding through targeted acquisitions in specialized distribution segments.
The underground utility protection sector represents a stable, recurring revenue stream due to ongoing infrastructure maintenance and regulatory requirements. Eastcom's single location in Branchburg provides a strategic foothold to serve the dense metropolitan areas of New Jersey and neighboring states. This acquisition should drive incremental revenue growth and potential cost synergies through operational integration.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20241030329855/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.
FAQ
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