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Core & Main Completes Acquisition of Canada Waterworks for Canadian Expansion

By Maham Fatima | October 13, 2025, 8:44 AM

Core & Main Inc. (NYSE:CNM) is one of the most promising stocks under $100. On September 30, Core & Main announced that the company will be expanding in Canada as it had completed its previously announced definitive agreement to acquire substantially all of the assets of Canada Waterworks and Canada Waterworks Ottawa (collectively Canada Waterworks).

Before this completion, Core & Main President Brad Cowles said that Canada Waterworks represents the next step in building the Core & Main platform in Canada, as it provides the company with excellent growth opportunities in Ontario and beyond.

Core & Main Completes Acquisition of Canada Waterworks for Canadian Expansion

Canada Waterworks President and CFO Guenther Koehler also stated that Core & Main will provide Canada Waterworks a strong level of support to allow the company to continue to operate as a local, Canada-based business.

Core & Main Inc. (NYSE:CNM) distributes water, wastewater, storm drainage, and fire protection products and related services in the US.

Canada Waterworks is a Canadian distributor that specializes in water, wastewater, and storm drainage in the southern region of Ontario.

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READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.

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