P2 Capital, Goldman to Exit Interline in $1.6B Deal
July 23, 2015
Interline Brands, a portfolio company of Goldman Sachs and P2 Capital Partners, has entered into a definitive agreement to be acquired by The Home Depot (NYSE: HD) for $1.625 billion in cash. Backed by the previously mentioned firms at a $1.1 billion value in 2012, Interline is a distributor of broad-line maintenance, repair and operation products. The acquisition is expected to be completed in The Home Depot's fiscal 3Q, which ends November 1, subject to conditions such as the repayment of Interline's outstanding senior notes.