The Home Depot Chief Executive Officer Craig Menear SisDailyNews from sis.bond

Who Owns Home Depot?

Introduction

Home Depot is one of the world's largest home improvement retailers, and it's been around since the late 1970s. But who owns Home Depot? That's a question many people have been asking since the company's inception. In this article, we'll take a look at the current ownership of Home Depot and how it has changed over the years.

The Company

Home Depot was founded in 1978 by Bernie Marcus and Arthur Blank. The two entrepreneurs opened the first store in Atlanta, Georgia, and the company quickly expanded to become one of the biggest home improvement retailers in the United States. Over the years, Home Depot has grown to become the world's largest home improvement retailer, with more than 2,200 stores across the US, Canada, Mexico, and Puerto Rico.

Current Ownership

Today, Home Depot is owned by a group of investors, including several institutional investors and the company's founders, Bernie Marcus and Arthur Blank. Blank is the current chairman of the company and Marcus is the company's largest individual shareholder.

The company's largest institutional investors include Fidelity Management & Research Company, Vanguard Group, and BlackRock. Other investors include State Street Corporation, JPMorgan Chase, and Bank of America.

History of Ownership

In 1984, Home Depot went public and was listed on the New York Stock Exchange. Since then, the company has seen a steady increase in its stock price and market value. In 2000, Home Depot merged with the rival home improvement retailer, Lowe's, in a deal valued at $37.2 billion.

In 2007, the company was taken private by a consortium of investors led by Bain Capital and The Blackstone Group. The buyout valued Home Depot at $22 billion. In 2013, the company went public once again and continues to be publicly traded on the New York Stock Exchange.

Conclusion

So, who owns Home Depot? The company is currently owned by a group of investors, including several institutional investors and the company's founders, Bernie Marcus and Arthur Blank. These investors have played a major role in the company's growth over the years and will continue to do so in the future.