Lowe’s to acquire Houston company for $512M to boost multifamily business

North Carolina-based Lowe’s Companies Inc. (NYSE: LOW) plans to acquire Houston-based Maintenance Supply Headquarters in a $512 million deal, the home improvement giant announced May 18.

The deal is expected to close in Lowe’s second fiscal quarter of 2017, bringing the company’s combined multifamily maintenance, repair and operations business to 16 distribution centers generating more than $400 million in annual sales.

Founded in 2006, Maintenance Supply Headquarters operates 13 distribution…

Lowe’s to acquire Houston company for $512M to boost multifamily business syndicated post

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