HD Supply (formerly Maintenance Warehouse) is a North American industrial distributor that provides a broad range of products and value-added services to approximately 250,000 professional customers in maintenance, repair and operations, infrastructure and power and specialty construction sectors.[3]
The company was re-acquired by The Home Depot in December 2020.[5]
History
The company was founded in 1974 as Maintenance Warehouse in San Diego, CA. In 1997, The Home Depot purchased Maintenance Warehouse with its dedicated delivery trucks and free delivery service. In 2004, Maintenance Warehouse changed its name to HD Supply. In January 2006, Home Depot announced that it was acquiring Hughes Supply in a $3.2 billion deal. Hughes Supply was then integrated into the HD Supply division.
Home Depot, after changing its CEO from Bob Nardelli to Frank Blake, decided to sell HD Supply in order to raise capital to repurchase Home Depot stock and shore up the stock price. In 2007, the HD Supply was purchased by private equity firms Bain Capital, The Carlyle Group, and Clayton, Dubilier & Rice, and continued to operate as HD Supply.