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Sale of HD Supply, local locations, in jeopardy

August 24, 2007

The sale of HD Supply, a Home Depot subsidiary with several locations in Indiana, might not go through, several media reports say.

Tightening credit and turmoil in the housing mortgage market have forced Atlanta-based Home Depot to consider cutting its $10.3 billion asking price by about $1 billion, but the sale is still uncertain.

The private equity firms of Bain Capital Partners, Carlyle Group and Clayton, Dubilier & Rice agreed two months ago to buy HD Supply.

HD Supply, which does $12 billion a year in sales, has several units with a presence in Indiana.

Waterworks, a supplier of water, sewer and other municipal water systems, has locations in Indianapolis and Fort Wayne.

Creative Touch Interiors, which helps production homebuilders design interiors, has a location in Indianapolis.

Construction Supply, which sells specialty hardware, tools and materials to contractors, has locations in Indianapolis and Fort Wayne.

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