Private equity firm Clayton, Dubilier & Rice completed the acquisition of the White Cap unit, a distributor of specialty concrete and construction products and services, from HD Supply, an industrial distributor, for $2.9bn. "Both businesses have incredible histories of exceptional customer service. As we join together, we will continue to build on our vast experiences and stronger future by investing in focused local growth initiatives with the support of our national platform," Alan Sollenberger, White Cap President.