Core & Main Acquires J.W. D'Angelo For Undisclosed Sum
Portfolio Pulse from Shivani Kumaresan
Core & Main Inc (NYSE:CNM) has agreed to acquire J.W. D'Angelo Co Inc, a fire protection and waterworks products service provider with three locations in Southern California, for an undisclosed sum. The acquisition will expand CNM's presence and service capabilities in the region.
June 13, 2023 | 10:37 am
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POSITIVE IMPACT
Core & Main's acquisition of J.W. D'Angelo Co Inc will expand its presence and service capabilities in Southern California, potentially leading to increased revenues.
The acquisition of J.W. D'Angelo Co Inc will allow Core & Main to expand its presence in Southern California, a region with significant growth potential. This expansion could lead to increased revenues and market share for the company, positively impacting its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100