CMG (Bolster Hardware) Acquires Potter's Ace Hardware and Multiple Ace Hardware Stores
January 17, 2023
Texas-based investment group CMG completed a series of roll-up transactions in 2022 that added more than 38 Ace Hardware storefronts across nine deals, including the purchase of 20+ Potter's Ace Hardware locations in middle Tennessee and southern Kentucky and several individual Ace franchise stores (three in Wisconsin and one in Douglasville, Georgia). CMG is combining these assets under a single platform called Bolster Hardware to scale operations, realize efficiencies, and provide succession/liquidity solutions for aging, family-owned sellers.
- Buyers
- CMG Companies
- Targets
- Potter's Ace Hardware, Ace Hardware (three Wisconsin stores), Ace Hardware (Douglasville, Georgia store)
- Sellers
- Owners of Potter's Ace Hardware (Potter family / family owners), Independent Ace Hardware franchise owners (sellers of Wisconsin and Douglasville stores)
- Platforms
- Bolster Hardware
- Industry
- Retail
- Location
- Kentucky, United States
- Transaction Type
- Addon
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