Core & Main Inc. (NYSE: CNM), a leader in advancing reliable infrastructure with local service, nationwide, announced on Wednesday that it has agreed to acquire Lee Supply Company Inc. (Lee Supply), a leading specialty distributor and fabricator of high-density polyethylene (HDPE) pipe and other related services.

Lee Supply, established in 1954, is a trusted supplier and specialty fabricator of engineered HDPE pipe, fittings, pumps and pipe systems, as well as a provider of rental fusion equipment. The company serves municipalities, contractors and other environmental and industrial customers in the Eastern United States, with four locations in Pennsylvania, South Carolina and West Virginia.

The acquisition will strengthen Core & Main’s HDPE product and service offerings, as well as its expertise in fusible pipe applications. Core & Main is a leading specialized distributor of water, wastewater, storm drainage and fire protection products, and related services, with approximately 320 locations across the U.S.

“Lee Supply has a distinguished history and reputation for delivering innovative solutions and providing top-quality products and services. We are confident their team members will bring industry knowledge and capabilities that will greatly enhance our HDPE product and service offerings while providing our customers with additional expertise in fusible pipe applications,” said Steve LeClair, chief executive officer of Core & Main.

“Lee Supply has built a strong legacy as a proven industry leader under the stewardship of the Lee family,” said Jack Schaller, president of Core & Main. “Their team’s industry knowledge and fabrication capabilities will expand our ability to serve the HDPE industry nationwide, and we are excited to welcome them into the Core & Main family.”

“As a family-owned company, three generations of the Lee family have worked tirelessly to see Lee Supply stay at the forefront of the HDPE fusible pipe industry,” said Mike Lee, chief executive officer of Lee Supply. “The loyal customer relationships we have established through the years will benefit from the additional resources and large national presence of Core & Main. We are thrilled that their team shares our commitment to providing a family-oriented culture that focuses on exceeding customer expectations, and we’re confident they will honor Lee Supply’s heritage well into the future.”

The deal is expected to close in the fourth quarter of 2023, subject to customary closing conditions. The terms of the deal were not disclosed.