Wesco Group acquisition of National Coatings & Supplies

Davis Polk advised Wesco Group, a portfolio company of BDT & MSD Partners, on its acquisition of National Coatings & Supplies. Financial terms of the transaction were not disclosed.

BDT & MSD Partners is a merchant bank with an advisory and investment platform built to serve the distinct needs of business owners and strategic, long-term investors.

Wesco is the premier paint and equipment supplier across the United States for the automotive refinish, industrial, commercial, aerospace and marine markets. In business for more than 50 years, Wesco provides exceptional service and the best value top-quality products in the industry and has over 220 locations in the United States and Canada.

National Coatings and Supplies is both a family- and employee-owned company that distributes industrial paint, coatings, supplies and equipment to more than 15,000 collision centers, body shops, manufactures, maintenance companies and individuals across the United States. Headquartered in Raleigh, North Carolina, National Coatings and Supplies has over 200 stores in 43 states and more than 1,200 employees and serves both the public and private sectors.

The Davis Polk corporate team included partner Marc O. Williams, counsel Dmitriy Molchanov and associate Cameron K. Hood. Partner John (J.W.) Perry provided sponsor finance advice. Partner Veronica M. Wissel and counsel Joseph S. Brown provided executive compensation advice. Partner Frank Azzopardi and associate Shreya R. Kundur provided intellectual property advice. Partner David H. Schnabel provided tax advice. Partner Howard Shelanski provided antitrust and competition advice. Members of the Davis Polk team are based in the New York and Washington DC offices.