Core & Main to acquire Lee Supply

Core & Main plans to expand waterworks presence in the Eastern U.S.

November 14, 2023 28

ST. LOUIS (BusinessWire) — 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 Lee Supply Company Inc. (Lee Supply), a leading specialty distributor and fabricator of high-density polyethylene (HDPE) pipe and other related services, including HDPE fusion equipment rentals and custom fabrication capabilities.

Since 1954, Lee Supply has been a preferred supplier and specialty fabricator of engineered HDPE pipe, fittings, pumps, and pipe systems, along with providing rental fusion equipment. They provide solutions-based services to municipalities, contractors, and other environmental and industrial customers. The company has four locations in Pennsylvania, South Carolina, and West Virginia, primarily serving the Eastern United States.

“Lee Supply has a distinguished history and reputation for delivering innovative solutions and providing top-quality products and services. We are confident their team members will bring industry knowledge and capabilities that will greatly enhance our HDPE product and service offerings while providing our customers with additional expertise in fusible pipe applications,” said Steve LeClair, chief executive officer of Core & Main.

“Lee Supply has built a strong legacy as a proven industry leader under the stewardship of the Lee family,” said Jack Schaller, president of Core & Main. “Their team’s industry knowledge and fabrication capabilities will expand our ability to serve the HDPE industry nationwide, and we are excited to welcome them into the Core & Main family.”

“As a family-owned company, three generations of the Lee family have worked tirelessly to see Lee Supply stay at the forefront of the HDPE fusible pipe industry,” said Mike Lee, chief executive officer of Lee Supply. “The loyal customer relationships we have established through the years will benefit from the additional resources and large national presence of Core & Main. We are thrilled that their team shares our commitment to providing a family-oriented culture that focuses on exceeding customer expectations, and we’re confident they will honor Lee Supply’s heritage well into the future.”

About Core & Main

Based in St. Louis, Core & Main is a leader in advancing reliable infrastructure™ with local service, nationwide®. As a leading specialized 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, nationwide. With approximately 320 locations across the U.S., the company provides its customers local expertise backed by a national supply chain. Core & Main’s 4,500 associates are committed to helping their communities thrive with safe and reliable infrastructure. Visit coreandmain.com to learn more.