Core & Main to Buy Green Equipment Company

Core & Main Inc. (NYSE: CNM), a prominent player in the infrastructure sector, has announced a definitive agreement to acquire the assets of Green Equipment Company, a Texas-based provider of underground utility protection equipment. This acquisition is expected to enhance Core & Main's existing product offerings and expand its market presence in the southwest and southeast United States. Steve LeClair, chair and CEO of Core & Main, emphasized the strategic fit of Green Equipment’s expertise with their growth objectives. Founded in 1982, Green Equipment Company specializes in damage prevention, utility locating, and wastewater inspection equipment, catering to contractors, municipalities, and utilities across eight states. The company is recognized for its commitment to customer service, providing a range of damage prevention products, ongoing support, and comprehensive training. Mike Huebert, president of Core & Main, highlighted the shared values between the two companies, particularly their focus on high-quality products and superior customer service. The acquisition aligns with Core & Main's mission of advancing reliable infrastructure with local service nationwide. However, the company has issued a caution regarding forward-looking statements related to its financial and operational outlook, acknowledging the inherent risks and uncertainties that could affect future performance. Core & Main, headquartered in St. Louis, aims to solidify its position as a leading resource in the utility industry through this strategic acquisition, which is expected to create new growth opportunities.