McDermott Represents The Sterling Group and Construction Supply Group in a Combination Transaction with White Cap Valued at $4 Billion

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Leading international law firm McDermott Will & Emery represented The Sterling Group, an operationally focused private equity firm, and its portfolio company, Construction Supply Group, in connection with a combination transaction with the construction and industrial business of HD Supply Holdings Inc. (NASDAQ: HDS), known as White Cap. Clayton, Dubilier & Rice, a private equity firm, acquired White Cap from HDS for cash and combined it with Sterling’s Construction Supply Group.

  • Together, the Construction Supply Group and White Cap transactions are valued at approximately $4 billion.
  • Clayton, Dubilier & Rice will hold a 65% ownership interest in the combined company and The Sterling Group will hold 35% ownership interest.
  • McDermott Will & Emery acted as legal advisor to The Sterling Group and Construction Supply Group in connection with the transaction (as well as in connection with 16 related acquisitions over the prior 3 years).

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McDermott Will & Emery partners with leaders around the world to fuel missions, knock down barriers and shape markets. Our team works seamlessly across practices, industries and more than 20 locations to deliver highly effective—and often unexpected—solutions that propel success. More than 1,200 lawyers strong, we bring our personal passion and legal prowess to bear in every matter for our clients and the people they serve.

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