HD Supply Waterworks to acquire assets of 'Water Products' in purchase agreement
HD Supply Waterworks announced it has entered into a definitive agreement to purchase substantially all the assets of Water Products of Oklahoma, Inc., Arkansas Water Products, LLC, and Municipal Water Works Supply, LP.
ST. LOUIS, MO, Nov. 21, 2012 -- HD Supply Waterworks, an HD Supply business that distributes a complete line of water, sewer, fire protection and storm-drain products to serve the needs of contractors and municipalities in the water, wastewater, storm and fire protection markets, today announced it has entered into a definitive agreement to purchase substantially all the assets of Water Products of Oklahoma, Inc., Arkansas Water Products, LLC, and Municipal Water Works Supply, LP (collectively doing business as “Water Products”). Headquartered in Owasso, Okla., Water Products is a distributor of water, sewer and gas system installations and maintenance products and repair services. The expected closing is on or about December 3.
“HD Supply Waterworks is committed to strategic growth that enables us to serve our customers more efficiently and build value,” said HD Supply Waterworks CEO Jerry Webb. “The acquisition of Water Products provides us with an increased ability to provide value-added services, robust inventory and timely product deliveries to our existing and prospective customers in this important region.”
The purchase of Water Products further strengthens HD Supply Waterworks’ leading national position by enhancing its capability to meet the demand of increasing infrastructure needs in the South Central United States. It also aligns with HD Supply’s overall long-term growth strategy and enhances its ability to provide the right products, services and solutions as the distributor of choice for its customers.
“We continue to make smart investments in our business, such as the Water Products acquisition, that position us for long-term success and differentiate HD Supply Waterworks from our competition,” said HD Supply Waterworks President Steve LeClair.
Water Products currently operates six branches located in Owasso, Okla.; McPherson, Kan.; Tontitown and Little Rock, Ark.; Harrisonville, Mo.; and Royse City, Texas. The business will be fully integrated into HD Supply Waterworks and will begin operating under the HD Supply Waterworks brand while continuing to provide water and sewer materials and services to existing customers.
About HD Supply Waterworks
HD Supply Waterworks (http://waterworks.hdsupply.com/) is the nation’s leader in the water, wastewater, storm and fire protection industries. The business distributes a complete line of water; sewer, fire protection and storm-drain products; integral to building, repairing and maintaining water and wastewater systems that are part of the basic municipal infrastructure required to support population and economic growth and residential and commercial construction. It currently operates more than 240 branches in 44 states.
About HD Supply
HD Supply (www.hdsupply.com) is one of the largest industrial distribution companies in North America. Through a diverse portfolio of industry-leading businesses and more than 80 years of experience, the company provides a broad range of products and services to approximately 440,000 professional customers in the infrastructure, maintenance, repair and improvement, and specialty construction markets. With approximately 630 locations across 46 states and nine Canadian provinces, the company’s 14,000 associates provide localized, customer-driven services including jobsite delivery, will call or direct-ship options, diversified logistics and innovative solutions that contribute to its customers’ success.