October 19, 2020
White Cap and CSG Transaction Complete
To Our Valued Customers,
We are pleased to announce that effective today, Monday, October 19, White Cap has separated from HD Supply and completed the transaction to combine two industry-leading businesses under joint ownership by Clayton Dubilier & Rice (CD&R) and The Sterling Group. The work to integrate White Cap and Construction Supply Group (CSG) kicks off today!
Our goal with this integration is to ensure minimal disruption in your service while bringing to life the many benefits the combination of our two industry-leading businesses will create for you.
The cultural alignment of White Cap and CSG is a foundational element of this integration. Both White Cap and CSG have team-driven cultures that are 100 percent focused on serving our customers with excellence. Our mutual commitment to being Better Together and Building Trust on Every Job™ by providing you with exceptional service will always be our top priority.
This transformational combination of North America’s leading distributors of specialty concrete and construction products and services will allow our customers to benefit from broader, more diverse product and service offerings, additional pickup locations, and quicker and more efficient deliveries to the jobsite in the local markets where White Cap and CSG both operate.
This combined industry-leading organization will be led by myself as Chief Executive Officer and Alan Sollenberger as President. Our headquarters, otherwise known as our Field Support Center, will be in Norcross, Ga.
As we kick off the critical work to integrate our businesses, it will remain business as usual for our customers. Your current pricing, credit levels, account contacts and more, will remain the same for the coming months until we inform you otherwise.
As needed, you will receive additional, personalized outreach from your account representative(s) to address questions or impacts not captured here in detail.
For more information, please refer to our joint press release announcing this exciting news, and the Customer FAQs published to whitecap.com.
We are incredibly excited and committed to building upon the value we create for you every day with this game-changing integration. Our sincerest thanks for your business and partnership as we look towards this bright future together. Much more to come as we continue to earn your business.
Warmest regards,
John Stegeman
Chief Executive Officer – White Cap
Building Trust on Every Job™
September 24, 2020
Earlier this month, we announced HD Supply Holdings, Inc. entered a definitive agreement to sell the HD Supply Construction and Industrial business to an affiliate of Clayton, Dubilier & Rice. Today, we are very excited to share our new logo:
Over the next few weeks, you will begin to see the new brand on our marketing materials, branch buildings, teams’ apparel, private labeled products and other communications. We are thrilled to begin this transition!
Changes to your account (i.e. payment processes, new W-9 forms, etc.) will be communicated as we approach separation. We expect the transaction to close in October 2020.
We are incredibly excited for our future as White Cap® and are committed to Building Trust on Every Job™!
August 11, 2020
To Our Valued White Cap Customers,
We have exciting news to share with you today.
This morning, Tuesday, August 11, our parent company, HD Supply Holdings, Inc. announced that it has entered into a definitive agreement to sell the HD Supply Construction and Industrial business – consisting of White Cap, Brafasco in Canada, and Home Improvement Solutions in California – holistically known as White Cap, to an affiliate of Clayton, Dubilier & Rice (CD&R), a leading global private investment firm.
Additionally, CD&R announced its intent to obtain regulatory approval to combine White Cap with Construction Supply Group (CSG), in partnership with The Sterling Group, the majority owner of CSG.
We are excited and committed to this intended combination, when regulatory approval is obtained, to provide a broader product offering with more convenience, and drive an even stronger level of service for our customers.
In the meantime, while CD&R gains regulatory approval and works toward closing with HD Supply and The Sterling Group, both White Cap and CSG will operate as standalone companies. We expect the transaction to close in October 2020.
Our commitment to Building Trust on Every Job™ remains our top priority. We look forward to providing the service you expect, especially during the global pandemic we are all fighting. We will continue to share details as appropriate moving forward.
With all our best for your continued success,
John Stegeman
Chief Executive Officer – White Cap
Building Trust on Every Job™