Lowe’s has completed its $512 million acquisition of Maintenance Supply Headquarters, a distributor of maintenance, repair and operations products serving the multifamily housing industry.
The company said the acquisition is a step in its strategy to deepen and broaden its relationship with professional service customers and better serve their needs.
Based in Houston, Maintenance Supply Headquarters operates 13 distribution centers serving customers in 29 geographic areas, primarily in the western, southeastern and south central U.S. The company offers a portfolio of more than 5,300 products and value-added services for maintaining and renovating multifamily properties, according to Lowe’s.
“We are delighted to officially welcome Maintenance Supply Headquarters and their talented team into the Lowe’s family,” said Michael Tummillo, svp/pro sales, Lowe’s. “Together, Maintenance Supply Headquarters and Central Wholesalers expand Lowe’s ability to serve the highly attractive and growing multifamily housing industry while strengthening our foundation for future growth with enhanced product and service offerings. With this latest transaction, we look forward to delivering even more value for our pro customers.”
