HD Supply files for IPO
The industrial and construction supplies company, formerly a division of The Home Depot, was taken private in 2007.
The company’s ticker symbol and exchange remain undisclosed, but a filing expects the IPO to generate $1 billion.
Bain Capital, Carlyle Group and Clayton, Dubilier & Rice, took the company private for $8.5 billion in 2007. Home Depot continues to hold a 12.4% stake in the company.
In Arizona, a new president for Sunny Plumber
Allen Crick has been named president, Arizona operations for Goettl Good Guys Air Conditioning Repairmen and The Sunny Plumber. The two companies, which are part of Phoenix Peach, serve the Phoenix and Tucson areas with year-round plumbing, air conditioning and heating services.
“We are fortunate to have a seasoned operator like Allen Crick taking the lead in our Arizona operations,” said Ken Goodrich, principal investor of Phoenix Peach. “I am confident that Allen and his team will take Goettl Good Guys Air Conditioning Repairmen and The Sunny Plumber to the market-leader position by providing world-class service to Arizona’s families and businesses, as well as providing a challenging and rewarding workplace for our associates. Allen will be a significant asset to the future of Phoenix Peach, Goettl Good Guys and The Sunny Plumber.”
Crick’s career includes 20 years of industry experience. Most recently he spent eight years serving in executive roles with two of the industry’s leading nationwide companies. In addition, Crick has developed, grown and sold two private HVAC companies that were purchased by a national consolidator. Now with Phoenix Peach, Crick plans to use his experience building teams and setting new standards for business performance to develop Goettl Good Guys and The Sunny Plumber into the premier providers of plumbing, air conditioning and heating services in Arizona, as Goodrich envisioned when starting the company.
“Arizona has a unique set of weather patterns, which prove challenging to home owners,” said Crick. “From our winter visitors whose home plumbing and cooling systems sit unused for months out of the year, to growing families with pools and whole house water systems, different challenges are posed to our team at different times of the year. I’m looking forward to tackling those challenges head on.”
TimberTech launches ‘Straight Talk’ Deck Forum
TimberTech, a manufacturer of alternative decking materials, has launched an interactive Q&A platform called "Straight Talk." The new tool can be accessed at the company’s redesigned website at TimberTech.com/StraightTalk.
Questions submitted to the forum will be answered by experts and will address such issues as product costs, composite benefits over wood, deck cleaning and care, the different types of decking materials available, and other common questions about composite products. Questions will be answered in a variety of ways, including video, infographics, charts or text responses.
"There are a lot of misconceptions about composite products, including outdated information that does not reflect the current technology and materials available in decking today," said Carey Walley, VP marketing for TimberTech. "We wanted to find a way to help educate homeowners, contractors and dealers who are considering composite products by cutting through the clutter and providing straight answers to questions buyers may have. It is our desire that every customer is able to make an educated purchasing decision, whether they end up buying TimberTech or not."
TimberTech’s new site also offers improved navigation; a new organization of products the can be searched by price, color or material; a product comparison chart to help visitors choose the product that has the features and benefits they need; and an enhanced, interactive color visualizer that allows consumers to mix and match color and styles of products.