Core & Main Completes Acquisition of Canada Waterworks
Core & Main Inc. (NYSE: CNM), a leader in advancing reliable infrastructure with local service, nationwide, has closed its previously announced acquisition of substantially all of the assets of Canada Waterworks Inc. and Canada Waterworks Ottawa Inc. (collectively, Canada Waterworks), a Canadian distributor of water, wastewater and storm drainage products.
“Canada Waterworks represents the next step in building the Core & Main platform in Canada, as we continue to expand our reach and pursue the excellent growth opportunities in Ontario and beyond,” said Brad Cowles, president of Core & Main. “The addition of Canada Waterworks is a wonderful complement to the existing footprint Core & Main has in the province. It presents a great opportunity to further our leadership and operational teams in Canada to enhance how we serve our customers there.”
Established in 2014, Canada Waterworks is a trusted distributor of water, wastewater and storm drainage products that assists contractors and municipalities in southern Ontario. Their experienced team operates from three locations in Toronto, Ottawa and Hamilton, Ontario.
“Core & Main provides Canada Waterworks a strong level of support to allow us to continue to operate as a local, Canada-based business, enhancing what we can offer our customers,” said Canada Waterworks President and CFO Guenther Koehler. “We appreciate that Core & Main has a culture that matches our own, with a focus on entrepreneurial spirit, associate support and customer focus.”
About Core & Main
Based in St. Louis, Core & Main is a leader in advancing reliable infrastructure® with local service, nationwide®. As a specialty distributor with a focus on water, wastewater, storm drainage and fire protection products and related services, Core & Main provides solutions to municipalities, private water companies and professional contractors across municipal, non-residential and residential end markets. With more than 370 locations across the U.S., the company provides its customers local expertise backed by a national supply chain. The 5,700 associates at Core & Main are committed to helping their communities thrive with safe and reliable infrastructure.
