 Clayton, Dubilier Rice today announced an agreement with HD Supply Holdings, Inc. NASDAQ:HDS under which CDR funds will lead an investment to acquire HD Supplys Construction Industrial business also known as White Cap, a leading distributor of specialty concrete and construction products, and combine it with the Construction Supply Group CSG, a leading distributor of specialty concrete and masonry accessories. Upon the closing of both transactions, CDR funds will hold a 65 ownership interest in the combined company, and the current shareholders of CSG, led by The Sterling Group, will hold a 35 interest. The combined transaction, valued at approximately 4 billion, is subject to customary regulatory approvals. 