HUG meaning in Business ?

Answer:

What is Hughes Supply, Inc. mean?

Hughes Supply Incorporated was a very large wholesaler of construction supplies operating in 40 of the United States and two Canadian provinces. In January 2006, Home Depot announced that it was acquiring Hughes Supply in a $3.2 billion deal. Hughes Supply was integerated into the Home Depot division known as HD Supply. Thereafter in June 2007, Home Depot sold their supply unit for 10.3 billion, to a consortium of three private equity firms, The Carlyle Group, Bain Capital and Clayton, Dubilier and Rice (with each agreeing to buy a one-third stake in the division). Home Depot sold their wholesale construction supply business, HD Supply to fund a stock repurchase estimated at $40 billion. HD supply did not change their name back to Hughes so the HD in HD supply is now known as Heart and Dedication or Huge Discounts.

Hughes major operation was in the Southeast and Southwest of the United States. Its primary clients were professional customers, who mainly buy in bulk. Hughes operated through three business segments: Electrical and Plumbing (electrical and electric utility products, HVAC products), Water & Sewer/Building Materials (water and sewer products, building materials, maintenance supplies, fire protection products, concrete products), and Industrial (industrial pipes, valves, and fittings).

Using acquisitions to fuel its growth geographically and expand its product breadth, in 2004 Hughes Supply acquired Las Vegas-based Standard Wholesale (plumbing and electrical supplies), Todd Pipe & Supply (one of the largest independent plumbing supply wholesalers in the Las Vegas and southern California markets) and Southwest Power/Western States Electric (utilities).

reference

Full Form	Category
Huehuetenango	Airport Code
Horizons BetaPro COMEX Gold Exchange Traded Fund	Business
Hughes Supply, Inc.	Business
Helping Unite Generations	Community
Holiday Utility Gift	Community
Help Understanding And Guidance	Community
Help Uncover The Gem	Community
Helping Understand Grief	Community
Huge Uplifting Gesture	Community
Host User Group	Computing
High Performance Fortran User Group	Computing
Higher Logic Users Group	Computing
Hôpitaux Universitaires de Genève	General
Hear Understand and Give	General
Help Us Give	General
Hiram Ulysses Grant	General
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Help Unite Generations	General
HubSpot User Group	General
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HoloLens User Group	General
HEDIS Users Group	General
HubSpot User Groups	General
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Honeywell Users Group	General
Helpful Unfettered Gifts	General
Hinanjo Unei Game	General
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HashiCorp User Group	General
HR Users Group	General
Helping Us Grow	General
Helpful Unfettered Gift	General
His Ultimate Goal	General
Hawaiian Ukulele and Guitar	General
Hughes User Group	General
HubSpot Users Group	General
H?itaux Universitaires de Gen?e	General
Home Utility Gift	General
Humanity United in Giving	General
Homes Underscoring Growth	General
Help U Grow	General
Hope Understanding And Giving	General
Help Us God	General
Highland Users Group	General
Help Uncover Groups	Governmental
Health Users Group	Medical
Hospitality Unified Group	Medical
Harlequin User Group	Messaging
Huehuetenango, Guatemala	Regional