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Core & Main Completes Acquisition Of Foster Supply

Jul 10, 2023•over 2 years ago

Acquiring Company

Core & Main

Acquired Company

Foster Supply

St. LouisWholesale

Description

Core & Main Inc. (NYSE: CNM), a leader in advancing reliable infrastructure with local service, nationwide, has closed its previously announced acquisition of substantially all of the assets of Foster Supply Inc. and R.P. Foster Inc., collectively, Foster Supply. Foster Supply is a full-service provider of precast concrete structures, pipe, drainage materials and related geosynthetics products operating out of seven locations in Kentucky, Tennessee and West Virginia.

Company Information

Company

Core & Main

Location

1830 Craig Park Ct

St. Louis, Missouri, United States

About

Based in St. Louis, Core & Main is a leading specialized distributor of water, wastewater, storm drainage and fire protection products, and related services, to municipalities, private water companies and professional contractors across municipal, non-residential and residential end markets nationwide. With more than 285 locations, the company provides its customers local expertise backed by a national supply chain. Core & Main’s 3,700 associates are committed to helping their communities thrive with safe and sustainable infrastructure. Visit coreandmain.com to learn more.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed