Core & Main Inc. (NYSE: CNM), a leader in advancing reliable infrastructure with local service, nationwide, has entered into a definitive agreement to acquire Pioneer Supply, a distributor of water, wastewater and storm drainage products with locations in Moore, Oklahoma, and Weatherford, Texas.

“Pioneer Supply represents a wonderful opportunity to expand our presence in Texas and Oklahoma,” said Brad Cowles, president of Core & Main. “Their strong reputation for quality and service perfectly complements our mission to deliver exceptional value to our customers. Together, we will be able to expand our reach and create even greater opportunities for growth and success.”

Established in 1963, Pioneer Supply supports customers across the municipal, residential, and non-residential end-markets.

“Pioneer Supply is proud to join the Core & Main family, given our companies’ shared focus on culture and supplying the best products and expertise to our customers,” said Pioneer Supply CEO William Dozier. “What began with a 4-person team supplying materials for the Oklahoma municipal water and sewer systems has grown into a trusted, multi-state supplier of products and services. We meet a variety of needs for our customers, and we are excited to bring that dedication to Core & Main.”

About Core & Main

Based in St. Louis, Core & Main is a leader in advancing reliable infrastructure® with local service, nationwide®. As a specialty distributor with a focus on water, wastewater, storm drainage and fire protection products and related services, Core & Main provides solutions to municipalities, private water companies and professional contractors across municipal, non-residential and residential end markets. With more than 370 locations across the U.S., the company provides its customers local expertise backed by a national supply chain. The 5,700 associates at Core & Main are committed to helping their communities thrive with safe and reliable infrastructure. Visit coreandmain.com to learn more.

Cautionary Note Regarding Forward-Looking Statements

Certain statements contained in this press release include “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Examples of forward-looking statements include information concerning Core & Main’s financial and operating outlook, as well as any other statement that does not directly relate to any historical or current fact. In some cases, you can identify forward-looking statements by terminology such as “may,” “will,” “could,” “should,” “forecasts,” “expects,” “intends,” “plans,” “anticipates,” “projects,” “outlook,” “believes,” “estimates,” “predicts,” “potential,” “continue,” “preliminary,” or the negative of these terms or other comparable terminology. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we can give you no assurance these expectations will prove to have been correct. These forward-looking statements relate to future events or our future financial performance and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to differ materially from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements.

Additional information concerning these and other factors can be found in our filings with the Securities and Exchange Commission. All forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by the foregoing cautionary statements. All such statements speak only as of the date made and, except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events, or otherwise.

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