Houlihan Lokey Advises Dana Kepner Company

Houlihan Lokey is pleased to announce that Dana Kepner Company, a portfolio company of Littlejohn & Co., has been acquired by Core & Main. Houlihan Lokey served as the exclusive financial advisor to Dana Kepner Company and Littlejohn & Co. and assisted in initiating, structuring, and negotiating the transaction on their behalf.

Dana Kepner Company is a leading water and wastewater distributor serving eight states. The company combines local knowledge and an extensive product portfolio to serve its customers’ water delivery, metering, and sewer needs across the complete waterworks supply chain. Dana Kepner Company is headquartered in Denver, Colorado, and operates 19 branches throughout the United States.

Littlejohn & Co. is a Greenwich, Connecticut-based investment firm focused on private equity and debt investments in middle-market companies. With approximately $8 billion in regulatory assets under management, the firm seeks to build sustainable success for its portfolio companies through a disciplined approach to engineering change.

Core & Main is a U.S.-based specialized distributor of products with a focus on water, wastewater, storm drainage and fire protection products, and related services. Core & Main provides nationwide solutions to municipalities, private water companies, and professional contractors across municipal, nonresidential, and residential end markets. Based in St. Louis, Missouri, Core & Main employs more than 4,500 people across its headquarters and 320 locations.

Houlihan Lokey’s Specialty Distribution team has earned a reputation for working with premier specialty distributors, providing superior client service, and delivering outstanding results. This transaction highlights Houlihan Lokey’s continued success in advising market-leading distributors of mission-critical products to diverse, resilient end markets.