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HD Supply’s corporate parent is exploring the sale of its Waterworks unit as it prepares to pare down debt and take advantage of potential infrastructure spending for its construction and MRO divisions.
Waterworks, the largest U.S. distributor of water and wastewater products, could bring in more than $2 billion, according to Reuters. Such a deal would allow HD Supply Holdings Inc. to pay down some of its $4.1 billion in debt as it positions its HD Supply Construction & Industrial – White Cap and HD Supply Facilities Maintenance to benefit from President Trump's emphasis on infrastructure spending and tax reform, according to the report.
More details here.