IPO Profile

Interline Brands
801 W. Bay Street, Jacksonville, Florida 32204
Tel: 904-421-1400
Web:
Ticker: IBI
Amount Raised: $200,000,000.00

Description:
We are a leading national distributor and direct marketer of specialty maintenance, repair and operations (MRO) products. We have been in business for over 25 years. We stock over 45,000 plumbing, electrical, hardware, security hardware, heating, ventilation and air conditioning (HVAC) and other MRO products and sell to over 150,000 active customer accounts. Our products are primarily used for the repair, maintenance, remodeling and refurbishment of properties and non-industrial facilities. We generally do not serve new construction markets. We are able to realize higher operating margins by focusing on repair, maintenance, remodeling and refurbishment customers, who generally make smaller, more frequent purchases and require high levels of service. Our highly diverse customer base includes facilities maintenance customers, which consist of multi-family housing, educational, lodging and health care facilities; professional contractors who primarily repair and maintain properties and non-industrial facilities; and specialty distributors, including plumbing and hardware retailers. Our customers range in size from individual contractors and independent hardware stores to apartment management companies and national purchasing groups. We generated net sales of $640.1 million and $172.6 million, and operating income of $61.6 million and $14.5 million, for the year ended December 26, 2003 and for the three months ended March 26, 2004, respectively.