Online News-Home Depot To Acquire National Waterworks Holdings
The Home Depot entered into an agreement to acquire National Waterworks Holdings, Waco, TX. The company, which distributes PVF, meters, fire hydrants, service and repair products and other components that are used to transport water to and from residential and commercial locations, will operate as part of The Home Depot Supply. The agreement is expected to close by August 31. National Waterworks is principally owned by private equity firms JPMorgan Partners, an affiliate of JPMorgan Chase & Co., and Thomas H. Lee Partners, L.P. National Waterworks has some 130 branches in 36 states, and reported net sales of $1.5 billion last year.