Core & Main Signs Agreement to Acquire Eastcom Associates Inc.
October 09 2024 - 3:15PM
Business Wire
Core & Main Inc. (NYSE: CNM), a leading specialty
distributor dedicated to advancing reliable infrastructure with
local service, nationwide, has entered into a definitive agreement
to acquire substantially all the assets of Eastcom Associates Inc.
(Eastcom), a distributor of underground utility protection
equipment with a single location in Branchburg, New Jersey.
Since 1972, Eastcom has distributed damage prevention equipment,
training and service to surveyors and contractors in 13 states. The
company has earned a strong reputation for providing quality
products backed by exceptional service.
"The Eastcom team brings a wealth of product and service
knowledge in this growing product area for Core & Main, which
will be a great addition to our existing product offerings," said
Mike Huebert, president of Core & Main. “I am excited about the
opportunity to work with such a dedicated and talented team as part
of the Core & Main family.”
“Eastcom has been committed to being a dependable partner to our
customers for more than 50 years, assisting them with their damage
prevention equipment, training and service needs," said Dennis
Cinelli, general manager of Eastcom Associates. “I am extremely
proud of our team's legacy and believe that aligning with Core
& Main will create new opportunities for success and pave the
way for continued growth 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 more
than 350 locations across the U.S., the company provides its
customers local expertise backed by a national supply chain. Core
& Main’s nearly 5,500 associates are committed to helping their
communities thrive with safe and reliable infrastructure. Visit
coreandmain.com to learn more.
Cautionary Note Regarding Forward-Looking Statements
Certain statements contained in this press release include
“forward-looking statements” within the meaning of the Private
Securities Litigation Reform Act of 1995. Examples of
forward-looking statements include information concerning Core
& Main’s financial and operating outlook, as well as any other
statement that does not directly relate to any historical or
current fact. In some cases, you can identify forward-looking
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“projects,” “outlook,” “believes,” “estimates,” “predicts,”
“potential,” “continue,” “preliminary,” or the negative of these
terms or other comparable terminology. Although we believe that the
expectations reflected in the forward-looking statements are
reasonable, we can give you no assurance these expectations will
prove to have been correct. These forward-looking statements relate
to future events or our future financial performance and involve
known and unknown risks, uncertainties and other factors that may
cause our actual results, levels of activity, performance, or
achievements to differ materially from any future results, levels
of activity, performance, or achievements expressed or implied by
these forward-looking statements.
Additional information concerning these and other factors can be
found in our filings with the Securities and Exchange Commission.
All forward-looking statements attributable to us or persons acting
on our behalf are expressly qualified in their entirety by the
foregoing cautionary statements. All such statements speak only as
of the date made and, except as required by law, we undertake no
obligation to update or revise publicly any forward-looking
statements, whether as a result of new information, future events,
or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20241009745306/en/
Investor Relations: Robyn Bradbury, 314-995-9116
InvestorRelations@CoreandMain.com
Media Relations: Jennifer Noonan, 314-750-9670
Jennifer.Noonan@CoreandMain.com
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