Date
Apr 2022
Region
Ohio
We are pleased to share the sale of our client, Handyman Ace Hardware, to Rocky’s Ace Hardware. The transaction closed April 1, 2022.
Located in Fairborn, Ohio, Handyman Ace Hardware (Handyman) is comprised of nine Ace Hardware locations within the greater Dayton, Ohio area, along with a main office and centralized warehouse. Founded in 1939, the company has developed a broad, strong presence and market share within the region.
From one modest store initially to now 47 convenient locations throughout nine states, Rocky′s Ace Hardware (Rocky’s) is now one of the nation's largest Ace dealers, known for expertise and great product selection in paint, hardware and lawn & garden. It is headquartered in Springfield, Massachusetts.
“It is very exciting for us to be expanding into a new state and continue the family-owned values and service Handyman customers have come to expect,” said Rocky’s President, Rocky Falcone.
“We are also family-owned and share many of the same values as Handyman, including putting the customer first in all business actions.”
“David Grimes has helped continue his family legacy which was started 83 years ago by his grandfather,” Falcone continued.
“Since my grandfather opened our first Rocky’s location in Springfield, Massachusetts, in 1926, our team has understood the importance of customer service and serving the communities we are part of.”
Falcone added, “We are excited to continue the legacy that the Grimes family has created within these neighborhoods. We plant roots in each of our neighborhood locations and intend to maintain this community focus in our Ohio stores. We’re excited to be part of the greater Dayton community.”
Generational Equity Executive Managing Director of M&A – Central Region, Michael Goss, and his team, led by Managing Director, Mergers & Acquisitions, Jerry Yocum, with the support of Managing Director, Mergers & Acquisitions, Ryan Johnson, successfully closed the transaction. Senior Managing Director Rick Buchoz established the initial relationship with Handyman.
“The transaction was between two longtime associate dealers and friends. It was a very smooth and pleasant transaction to be involved in,” said Yocum.
If you would like to explore other transactions our associates have supported in this industry, visit our dedicated Retail M&A Deals page.
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