One of the oldest private equity investment companies in the world: Clayton, Dubilier & Rice (1978)

Clayton, Dubilier & Rice (CD&R), founded in 1978, is one of the oldest private equity investment companies in the world. It manages 52 companies’ investments with a value of approximately US$17 billion. They are mainly subsidiaries of large multi-business companies or The department represents a large number of industries with a total transaction volume of more than 80 billion US dollars. About 60% of CD&R transactions involve divestitures.

Clayton Dubilier Rice

CD&R owns Emergency Medical Services Corporation, The Hertz Corporation , electrical parts and equipment distributors Rexel (Euronext:RXL), US Foods , and many other companies. Clayton, Dubilier & Rice previously held shares of companies including: Sally Beauty (NYSE: SBH), Diversey, Inc. , VWR International , Brake Bros , Kinko’s (now FedEx Office, formerly FedEx Kinko’s), Uniroyal Goodrich Tire Company (now Michelin (Euronext: ML) subsidiary) and Lexmark .

Clayton, Dubilier & Rice (CD&R) transaction schedule:

  • 1978 Founded by Joseph L. Rice III, Martin H. Dubilier and Eugene Clayton, the company name is based on the last names of 3 people
  • In June 1988, it acquired 50% of Uniroyal Goodrich Tire Company from BF Goodrich for US$225 million, and acquired the remaining 50% from others.
  • 1990 Sale of Uniroyal Goodrich Tire Company to Michelin for USD 1.5 billion
  • 1991 Acquired Lexmark
  • 1993 Acquired Allison Engine
  • 1993 Acquired Remington Arms
  • 1993 Acquired Van Kampen Merritt
  • 1994 acquisition of Wesco Distribution’s (preceded by Westinghouse (Westinghouse Electric) distribution business)
  • 1995 Allison Engine sold
  • 1995 Acquired Alliant Exchange, Inc
  • 1995-1998 Lexmark sold
  • 1996 Sale of Van Kampen Merritt
  • 1998 Acquired JAFRA Cosmetics
  • 1998 Wesco Distribution for sale
  • 1998-1999 Acquired North American Van Lines and Allied Van Lines
  • 2000 Invested in Italtel
  • 2001 Sale of Alliant Exchange, Inc
  • 2002 Invested in Brakes
  • 2002 Acquired National Association of Independent Truckers, Inc., which is a wholly-owned subsidiary of Cheryl Womack, specializing in insurance business
  • 2003 part of Remington Arms sold
  • 2003-2004 sold most of SIRVA stock
  • 2004 Sold Kinko’s to FedEx
  • 2004 Invested in VWR International
  • 2004 Sale of Jafra Cosmetics to Vorwerk
  • 2004 Culligan acquired
  • 2005 Acquisition of Hertz
  • 2005 Acquired Rexel
  • 2006 Acquired a 47.5% stake in Sally Beauty Company, Alberto-Culver’s beauty products distribution business, as part of a broader recapitalization of Alberto-Culver, including the tax-free spin-off of the company’s consumer business to shareholders, and Sally Beauty Holdings in New York Stock exchange. CD&R operating partner Jim Berges becomes the chairman of Sally Beauty.
  • 2007 Acquired US Foods
  • 2007 Sold Brake Bros to Bain Capital for 1.4 billion pounds
  • 2007 Sale of VWR International to Madison Dearborn for US$3.8 billion
  • 2007 Acquired ServiceMaster
  • 2007 Acquired HD Supply (NASDAQ:HDS) together with Carlyle Group and Bain Capital , Home Depot sold its wholesale construction supply business, funded stock repurchase, valued at US$40 billion
  • Acquired Exova on October 17, 2008
  • Acquired NCI Building Systems in October 2009
  • Acquired Diversey, Inc. in November 2009
  • Acquired BCA, the number one auto auction and remarketing company in Europe, in February 2010
  • Acquired AssuraMed, which provides specialty medical products for patients with chronic diseases, in October 2010
  • In November 2010, it acquired Univar, a global distributor of commodities and specialty chemicals
  • Acquired Atkore International in December 2010 , formerly Tyco International ’s electrical and metal products business
  • Acquired Emergency Medical Services Corporation, a leader in facility-based doctor services and medical transportation services, in May 2011
  • Acquired SPIE in August 2011, Europe’s leading electrical and mechanical engineering and HVAC services, energy and communication systems
  • In September 2011, it acquired Hussmann, a leading manufacturer of refrigerated display sales equipment and refrigeration systems
  • In September 2012, it acquired Roofing Supply Group, which is one of the largest wholesale distributors of roofing materials and related materials in the United States
  • Acquired David’s Bridal in October 2012 , the latter is a major specialty retailer of bridal gowns and wedding-related clothing and accessories in the United States
  • Acquired Wilsonart in October 2012
  • Acquired B & M Retail (LSE: BME) in March 2013
  • 2013 Sold Assuramed to Cardinal Health
  • Acquired 60% of John Deere Landscapes (now SiteOne Landscape Supply) in October 2013, which acquired Lesco in 2077
  • In February 2014, it acquired Ashland Inc ‘s water treatment business for 1.8 billion US dollars
  • In July 2014, Healogics was acquired for US$910 million.

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