Core & Main Acquires EGW Utilities, Strengthening Infrastructure Solutions

Core & Main Inc., a leading infrastructure solutions provider, has entered into an agreement to acquire EGW Utilities, Inc., a Texas-based distributor serving the underground utilities sector. The acquisition expands Core & Main's product offerings and service capabilities, aligning with its commitment to advancing reliable infrastructure.

Core & Main Snaps Up EGW Utilities: A Strategic Move in Infrastructure Solutions

What's the Deal?

Core & Main Inc., a leading infrastructure solutions provider, has inked a definitive agreement to acquire the assets of EGW Utilities, Inc., a Texas-based distributor in the underground utilities space. This acquisition is a strategic play for Core & Main, aiming to bolster its product offerings and service capabilities within the industry.

Who's EGW Utilities?

EGW Utilities, based in Carrollton, Texas, has been in the game since 2001, specializing in providing top-notch products and services for underground utility infrastructure. They've built a solid reputation for quality solutions and strong customer relationships, which aligns perfectly with Core & Main's mission of advancing reliable infrastructure.

Why This Makes Sense

Steve LeClair, Core & Main's chairman and CEO, is stoked about the acquisition, emphasizing the technical expertise and industry knowledge that the EGW team brings to the table. Brad Cowles, president of Core & Main, sees this move as a strategic and cultural fit, expecting growth opportunities and added value for customers.

EGW's Perspective

Phil Wiegers, the founder and CEO of EGW, is all smiles about the deal. He highlights the shared values between the two companies, particularly their commitment to quality and integrity. He's confident about the future under Core & Main's guidance.

Core & Main's Footprint

Core & Main is a major player in the infrastructure solutions space, operating over 350 locations across the US. They've got a national supply chain with local expertise, covering water, wastewater, storm drainage, and fire protection products and services. Their customer base is diverse, ranging from municipalities and private water companies to professional contractors.

Financial Details

The financial terms of the acquisition were kept under wraps in the press release. However, it's clear that this move is part of Core & Main's broader strategy to expand its service offerings and market reach within the reliable infrastructure industry.