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Cases & Deals

June 6, 2017

King & Spalding Advises HD Supply on $2.5 Billion Divestiture of Waterworks Business

ATLANTA, June 6, 2017 — King & Spalding advised leading North American industrial distributor HD Supply, Inc. on its entry into a definitive agreement providing for the sale of its Waterworks business unit to an affiliate of private investment firm Clayton, Dubilier & Rice for an aggregate purchase price of $2.5 billion. Waterworks is the nation’s largest distributor of water, sewer, storm and fire protection products. More details on the transaction can be found here.

The King & Spalding team was led by corporate partners Rahul Patel and John Hyman, and included senior associates Nathan Mihalik and Robert Benson and associates Scott Edwards and Robert Swanton. Other lawyers involved in the transaction included: partners Bill Roche, Keith Townsend, Carrie Ratliff and Matt Stewart, and associates John Anderson, Sawyer Duncan and Allison Bazinet (corporate); partner Ellen Snare (finance); partner Jeff Spigel, counsel Brian Meiners and associate Kathryn Kuhn (antitrust); partners Hap Shashy and John Sweet (tax); partner Ken Raskin and senior associate Laura Westfall (employee benefits and executive compensation); partner Scott Petty (intellectual property); partner Chris Hoffman, counsel Taryn Reynolds, and associates Marissa Coleman and Koleen Sullivan (real estate); partners Cynthia Stroman and Les Oakes (environmental); and counsel Scott Mario (labor and employment).

About King & Spalding

Celebrating more than 130 years of service, King & Spalding is an international law firm that represents a broad array of clients, including half of the Fortune Global 100, with 1,000 lawyers in 19 offices in the United States, Europe, the Middle East and Asia. The firm has handled matters in over 160 countries on six continents and is consistently recognized for the results it obtains, uncompromising commitment to quality, and dedication to understanding the business and culture of its clients. More information is available at