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.
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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