Clayton, Dubilier & Rice acquires HD Supplys’ Waterworks business
Clayton, Dubilier & Rice (CD&R) is to acquire HD Supply Holding’s Waterworks business unit (Waterworks), a distributor of water, sewer, storm and fire protection products, for USD2.5 billion. Through a carve-out transaction, Waterworks will become an independent company, wholly-owned by CD&R funds. Waterworks is a leading US distributor of