White Cap Supply Canada, Inc. has entered into a definitive agreement to acquire 100 percent of the issued and outstanding shares of National Concrete Accessories Canada Inc. (NCA), an Alberta corporation.
Upon the completion of the deal, NCA will combine with White Cap Supply Canada, which is comprised of Brafasco and Brock White Canada (BWC), to form a single Canadian business.
This combined business, which is intended to mirror the long-term success of White Cap in the United States, will be led by Vasken Altounian as Business Unit President and Neil Fast as Regional Vice President, and will report into Alan Sollenberger, President of White Cap. This transaction is subject to customary regulatory approvals and financial terms were not disclosed.
John Stegeman, Chief Executive Officer of White Cap, said: "We are looking forward to expanding our presence and offerings in Canada thanks to the many strengths of the NCA team. The depth of products, services, and knowledge that NCA brings in concrete forming and accessories complements Brafasco's specialty in fasteners, tools, and safety products, and BWC's portfolio of building envelope, concrete accessories, masonry, and geotechnical products."
Vasken Altounian, Business Unit President of White Cap Supply Canada, said: "Our intended combination will enable an unparalleled level of streamlined service, depth of inventory, and a significant breadth of products for customers across Canada, coast-to-coast. All three teams across Brafasco, BWC and NCA share a strong commitment to exceptional customer service with customer-centric cultures and operating models.”
This acquisition is the first for White Cap since becoming an independent company in October 2020.