Core Point - Core & Main has entered into a definitive agreement to acquire Pioneer Supply, a distributor of water, wastewater, and storm drainage products [1] Company Summary - Core & Main is expanding its operations through the acquisition of Pioneer Supply, which specializes in water-related products [1] - The acquisition is expected to enhance Core & Main's distribution capabilities in the water and wastewater sectors [1] Industry Summary - The acquisition reflects ongoing consolidation trends within the water and wastewater distribution industry [1] - Companies in this sector are increasingly focusing on expanding their product offerings and distribution networks to meet growing demand [1]

Company Overview - Bunzl is a London listed international group of distribution companies focused on cleaning and hygiene, healthcare, safety, and grocery and foodservice markets [1] Investment Focus - The investment strategy emphasizes companies that pay healthy dividends while waiting for capital appreciation, targeting businesses that are temporarily undervalued compared to their fundamentals, peers, or historical levels [2]