Lowe's $512 million acquisition of Maintenance Supply Headquarters

Overview:

• Lowe's has acquired Maintenance Supply Headquarters for $512 million.
• Houston-based Maintenance Supply Headquarters is a wholesale retailer of maintenance supplies and operates 13 distribution centers, mainly in the western, southeastern and south-central United States.
• Lowe's is a home improvement retailer and the aim of the acquisition is to sell more to construction contractors.
• The acquisition is expected to add to Lowe's earnings in the year ending February 2018 and be completed in the second quarter of 2017.
• Goldman Sachs was Lowe's financial adviser, while Crutchfield Capital was financial adviser to Maintenance Supply Headquarters.

Katrin Kostadinova - Data analyst