White Cap Arranges Recapitalization
- Share via
White Cap Industries Inc., which sells tools to building contractors in the West, said Friday that it and investor Leonard Green & Partners have obtained commitments for $75 million to recapitalize the operation.
The Costa Mesa company said that the financing commitments are subject to completing a definitive agreement and other “customary closing conditions.”
A management buyout group, along with Leonard Green, has agreed to pay $16.50 a share, or $240 million, for the company.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
