White Cap Supply Holdings, LLC ("White Cap") has announced that it will be expanding following its acquisition of Ram Tool Construction Supply Co., LLC ("Ram Tool").
This combined business will be led by White Cap CEO John Stegeman and President Alan Sollenberger. The group has also announced that Page Naftel, President of Ram Tool, will also be joining White Cap as Chief Sales Officer.
John Stegeman, Chief Executive Officer of White Cap, said: "White Cap and Ram Tool drive towards the same mission of providing knowledgeable, customer-centric service to professional contractors for all specialty construction and concrete accessory needs. White Cap and Ram Tool have an aligned culture centered on service and relationship-building, which makes us excited for everything to come with our combination."
Alan Sollenberger, President of White Cap, said: "This combination will increase our products, services, and locations to enhance our customer convenience and experience, while bringing together two incredible teams of knowledgeable professionals focused on delivering exceptional customer service.”
There will be no immediate changes to the services and offerings from both companies as the integration of the two businesses will be approached thoughtfully over time.
Debevoise & Plimpton LLP served as legal counsel to White Cap for the transaction and Nelson Mullins Riley & Scarborough LLP served as legal counsel to Ram Tool for the transaction.