What is driving CNM's growth besides M&A? In the past 2.5 years the stock price of Core & Main, Inc. (NYSE:CNM), has increased dramatically, from an all-time low of $19.16 on 12/23/22 to an all-time high of $65.77 on 7/25/25. (CNM completed its IPO on 7/23/21, when the stock closed at $23.70.) A major driver of CNM’s growth has been acquisitions. Since August 2017, Core & Main has acquired 42 companies. In 2024 alone, CNM acquired 11 companies at a cost of over $740 millio
