Core & Main Signs Agreement to Acquire EGW Utilities Inc.
Summary
ST. LOUIS--(BUSINESS WIRE)--Core & Main Inc. (NYSE: CNM), a leader in advancing reliable infrastructure with local service, nationwide, has entered into a definitive agreement to acquire substantially all of the assets of EGW Utilities, Inc. (EGW), a distributor of quality products and services to underground utility contractors and municipalities, based in Texas. "With the acquisition of EGW, we are excited to expand our product offering and service capabilities in the underground utility industry," said Steve LeClair, chairman and CEO of Core & Main. “Their team brings a wealth of knowledge and technical expertise and will be a wonderful complement to our existing business in this area.” Located in Carrollton, Texas, EGW has provided reliable underground utility infrastructure products and services since 2001. "EGW is a solid strategic and cultural fit for us, with a team that has deep understanding and experience in the underground utility market,” said Brad Cowles, president of Core & Main. The dedication Core & Main shows to its employees and customers, gives me confidence that our future is in good hands, and I’m truly energized about all the great things we can achieve together."