Core & Main Inks Agreement To Acquire Substantially All Of The Assets Of EGW Utilities; No Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
Core & Main has signed an agreement to acquire substantially all assets of EGW Utilities, a Texas-based distributor of underground utility products and services. The terms of the deal were not disclosed. EGW Utilities, located in Carrollton, Texas, has been a reliable provider of underground utility infrastructure products and services since 2001.
March 25, 2024 | 8:22 pm
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Core & Main's acquisition of EGW Utilities' assets could strengthen its position in the underground utility market.
Acquiring EGW Utilities, a company with a strong track record since 2001, could significantly bolster Core & Main's offerings in the underground utility sector. This strategic move is likely to be viewed positively by investors, potentially leading to a short-term uptick in CNM's stock price. The lack of disclosed terms makes the financial impact uncertain, but the strategic benefits are clear.
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