Core & Main Completes Acquisition of Dana Kepner
Core & Main Inc. (CNM) has successfully completed the acquisition of Dana Kepner Company LLC, expanding its reach in water, wastewater, and geotextile product distribution across multiple states.
The acquisition of Dana Kepner Company by Core & Main Inc. represents a strategic expansion of Core & Main's distribution network for water, wastewater, storm drainage and geotextile products. The addition of locations in multiple states enhances the company's logistical capabilities and market reach. This could potentially lead to improved economies of scale and a stronger competitive position in the infrastructure sector.
From a market perspective, this move signals Core & Main's commitment to growth and could be seen as a positive indicator by investors. The expansion into new geographic areas suggests a strategic initiative to diversify market presence and reduce reliance on any single region. This could mitigate risks associated with regional economic downturns or localized competitive pressures.
The financial implications of this acquisition for Core & Main Inc. will be closely monitored by investors and analysts alike. Key aspects to consider include the acquisition cost, how it was financed and the expected impact on Core & Main's revenue and profit margins. Additionally, the potential for cost synergies, such as consolidated purchasing and streamlined operations, will be an important factor in assessing the financial success of this transaction.
It is also essential to evaluate the integration process and whether Core & Main can effectively incorporate Dana Kepner's operations without significant disruptions. The ability to maintain and potentially enhance customer relationships post-acquisition will be crucial for realizing the anticipated benefits of this deal.
The acquisition can be seen as a microcosm of broader economic trends within the infrastructure industry. As Core & Main expands its footprint, it is likely capitalizing on the current demand for infrastructure development and maintenance. This sector is often influenced by government spending and regulatory environments, which can fluctuate based on policy changes.
Long-term economic implications include the potential for increased market efficiency and the creation of jobs in new service areas. However, it is also important to consider the impact on competition, as consolidation in the industry could lead to fewer choices for consumers and potentially higher prices if market power is concentrated.
03/07/2024 - 08:30 AM
ST. LOUIS --(BUSINESS WIRE)--
Core & Main Inc. (NYSE: CNM), a leader in advancing reliable infrastructure with local service, nationwide, has closed its previously announced acquisition of Dana Kepner Company LLC, and associated entities. Dana Kepner is a distributor of water, wastewater, storm drainage and geotextile products, along with specialty tools and accessories which has locations operating in Arizona , Colorado , Connecticut , Massachusetts , Nevada , Rhode Island , Texas and Wyoming .
About Core & Main
Based in St. Louis , Core & Main is a leader in advancing reliable infrastructure™ with local service, nationwide® . As a leading specialized 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 approximately 320 locations across the U.S. , the company provides its customers local expertise backed by a national supply chain. Core & Main’s 4,500 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.
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Investor Relations:
InvestorRelations@CoreandMain.com
Media Relations:
Jennifer.Noonan@CoreandMain.com
Source: Core & Main, Inc.
What is the ticker symbol for Core & Main Inc.?
The ticker symbol for Core & Main Inc. is CNM.
What company did Core & Main Inc. acquire?
Core & Main Inc. acquired Dana Kepner Company LLC.
In which states does Dana Kepner Company LLC operate?
Dana Kepner Company LLC operates in Arizona, Colorado, Connecticut, Massachusetts, Nevada, Rhode Island, Texas, and Wyoming.
What products does Dana Kepner Company LLC distribute?
Dana Kepner Company LLC distributes water, wastewater, storm drainage, geotextile products, specialty tools, and accessories.
