Clayton, Dubilier & Rice, LLC Profile
Clayton, Dubilier & Rice, LLC is a private equity firm based out of New York City, New York. The company was originally established in 1978 by “Joe Rice, a former corporate lawyer from Sullivan & Cromwell and former investment banker; Martin Dubilier, a former McKinsey & Company partner and experienced corporate executive; Gene Clayton, a well-known crisis manager; and Bill Welsh, also a proven operating executive from Raytheon” and is one of the oldest private equity firms in the world. Clayton, Dubilier & Rice has grown from its inception to now operate with 80 total employees of which 50 are investment professionals. The company conducts its research internally, allocating its assets in companies based in North America and Europe with a special focus on developed countries and large corporations. Clayton, Dubilier & Rice invests almost exclusively in the industrials and materials sectors, although it does also invest in the consumer discretionary sector to a lesser degree. The industrials sector allocation makes up just over half of the company’s total allocations while the materials sector allocation makes up just under half of its total allocations. Clayton, Dubilier & Rice holds its allocations an average of 2.5 quarters and, in the most recent quarter, had a turnover rate of approximately 50%. The company’s top holdings include Univar Inc., which makes up over two fifth of its total asset allocations alone, NCI Building Systems, Inc., which makes up another third of its allocations, and Beacon Roofing Supply, which makes up over a fifth of its allocations. Outside of the previously mentioned three top holdings, the company does not have any holdings that are above 1% of its total holdings. Clayton, Dubilier & Rice currently manages over $15.5 billion in total assets under management spread across 26 accounts, all of which are discretionary. The company caters exclusively to pooled investment vehicles.