Rhumbline Advisers Buys 21,047 Shares of Core & Main, Inc. (NYSE:CNM)

Rhumbline Advisers has recently purchased 21,047 shares of Core & Main, Inc. (NYSE: CNM) for an undisclosed amount. Core & Main is a leading provider of products and services to the construction and maintenance industries in North America. The company operates through three segments: Building Materials Distribution, Mechanical, Electrical and Plumbing (MEP), and Engineered Products.

The acquisition by Rhumbline Advisers is expected to strengthen Core & Main's position in the market and provide opportunities for growth and expansion. Rhumbline Advisers is a private equity firm that specializes in investing in companies in the construction, building materials, and infrastructure industries. The firm has a track record of successful investments and has previously invested in other companies in the construction industry, including ProBuild Holdings, Inc. and American Builders Supply Company.

Core & Main has been in business for over 100 years and has a strong presence in the United States, Canada, and Mexico. The company has a diverse customer base, including contractors, builders, and homeowners, and operates through a network of distribution centers and branches. Core & Main's products and services include building materials, mechanical, electrical, and plumbing supplies, as well as engineered products such as prefabricated steel joists and decking.

The acquisition by Rhumbline Advisers is subject to regulatory approval and other customary closing conditions. The terms of the transaction were not disclosed.