#Maintenance supply headquarters pro

LLC served as financial advisor to Lowe's and Hunton & Williams LLP served as legal advisor. We have had the honor of serving many of the nation's top multifamily property management companies and their communities over the past 10 years, and we look forward to building on this legacy.'įounded in 2006, Maintenance Supply Headquarters' broad product offering includes appliances, plumbing, HVAC, lighting, hardware, electrical and other products for maintaining and renovating multifamily properties, as well as services such as renovation project support, custom fabrication and educational classes. We are thrilled to join Lowe's and work together to continue to deliver exceptional service for our customers. Richard 'Rusty' Penick, co-founding partner and CEO of Maintenance Supply Headquarters, added, 'Today marks the beginning of an exciting next chapter for Maintenance Supply Headquarters.

#Maintenance supply headquarters pro

With this latest transaction, we look forward to delivering even more value for our pro customers.' 'Together, Maintenance Supply Headquarters and Central Wholesalers expand Lowe's ability to serve the highly attractive and growing multifamily housing industry while strengthening our foundation for future growth with enhanced product and service offerings. 'We are delighted to officially welcome Maintenance Supply Headquarters and their talented team into the Lowe's family,' said Michael Tummillo, senior vice president of Lowe's pro sales.

With the acquisitions of Maintenance Supply Headquarters and Central Wholesalers, Lowe's multifamily MRO business now includes 16 distribution centers in attractive regions throughout the nation generating more than $400 million in incremental annual sales. In November 2016, Lowe's acquired Central Wholesalers, a prominent MRO distributor in the Mid-Atlantic and Northeast. The acquisition is a significant step in Lowe's strategy to deepen and broaden its relationship with pro customers and better serve their needs.īased in Houston, Texas, Maintenance Supply Headquarters operates 13 distribution centers serving customers in 29 geographic areas, primarily in the western, southeastern and south central U.S., with a portfolio of more than 5,300 products and value-added services for maintaining and renovating multifamily properties. (NYSE: LOW) today announced it has completed its $512 million acquisition of Maintenance Supply Headquarters, a leading distributor of maintenance, repair and operations (MRO) products serving the multifamily housing industry. MOORESVILLE, N.C., J/PRNewswire/ - Lowe's Companies, Inc.