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BUSINESS
April 12, 1998 | Dow Jones
White Cap Industries Inc., a business-to-business retailer of specialty tools and materials, said Friday that it has tentatively agreed to acquire Valley Construction Supply Inc. in western Washington. Terms weren't disclosed. White Cap said in a statement it expects to complete the acquisition in June. The Costa Mesa firm said Valley Construction had $12 million in revenue last year. White Cap reported $136.3 million in sales for the first nine months last year.
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BUSINESS
April 12, 1998 | Dow Jones
White Cap Industries Inc., a business-to-business retailer of specialty tools and materials, said Friday that it has tentatively agreed to acquire Valley Construction Supply Inc. in western Washington. Terms weren't disclosed. White Cap said in a statement it expects to complete the acquisition in June. The Costa Mesa firm said Valley Construction had $12 million in revenue last year. White Cap reported $136.3 million in sales for the first nine months last year.
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BUSINESS
August 4, 1998
White Cap Industries said Monday it has called off plans to acquire Valley Construction Supply Inc. in Washington. The Costa Mesa company, a business-to-business retailer of specialty tools and materials, did not elaborate.
BUSINESS
December 23, 1998 | Leslie Earnest
White Cap Industries Inc. said Tuesday it purchased El Paso-based Sun City Construction Supply, paving the way for the Costa Mesa company's expansion into into Arizona, New Mexico and Texas. The terms of the deal were not disclosed. White Cap's ambitious expansion seemed stalled earlier this year when the hardware retailer called off plans to purchase Valley Construction Supply Inc.
BUSINESS
September 22, 1998
The stock market has thrown a wrench into White Cap Industries Inc.'s ambitious acquisition plans. The company, which operates warehouse stores that sell tools and building materials to contractors, said Monday it has called off its agreement to buy Santa Ana-based Junior's Tools, a 12-store chain that specializes in selling power tools. White Cap said it was calling off the deal primarily because of market conditions.
BUSINESS
July 23, 1999 | LESLIE EARNEST, TIMES STAFF WRITER
Just 21 months after going public, White Cap Industries Inc. said Thursday its founder and other investors plan to buy the company for about $240 million and take it private. Founder and Chief Executive Greg Grosch, other managers and an investment group affiliate of Los Angeles-based Leonard Green & Partners L.P. will pay $16.50 a share for the Costa Mesa-based company, a 43% premium over Thursday's closing price.
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