CMG Forms Bolster Hardware to Acquire 21 Potters Ace Hardware Stores

ACE Mt. Washington LLC (Mafaz Ansar) Acquires Stout's ACE Hardware

May 22, 2025

Retail

Stout's ACE Hardware (Stout's Feed Store) in Mount Washington, Kentucky was sold to ACE Mt. Washington LLC, operated by local entrepreneur Mafaz Ansar, with the transaction closing May 22, 2025. The acquisition transfers ownership from the Stout family to Ansar—who already owns ACE Hardware Radcliff—supporting local continuity of service while expanding Ansar's ACE footprint in Kentucky.

Nation's Best Acquires Gambles Hardware

May 1, 2024

Retail

Nation's Best Holdings, LLC has acquired Gambles Hardware, a long-standing independent hardware store in Hotchkiss, Colorado. The store — founded in 1942 and occupying roughly 7,000 square feet — will continue to operate under the Gambles Hardware name with existing management while Nation's Best provides strategic and financial support as it expands its national footprint.

Ace Hardware Acquires Unique Indoor Comfort from Grove Mountain Partners

April 12, 2023

HVAC & Mechanical

Ace Hardware has acquired Unique Indoor Comfort Holdings, LLC from Grove Mountain Partners. Grove Mountain built Unique by consolidating a group of regional HVAC, plumbing and electrical service companies; the management team led by CEO Nate Kukla will remain in place as Unique joins Ace's home services strategy.

CMG (Bolster Hardware) Acquires Potter's Ace Hardware and Multiple Ace Hardware Stores

January 17, 2023

Retail

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.

Rocky's Ace Hardware Acquires Handyman Ace Hardware

April 1, 2022

Retail

Rocky's Ace Hardware, a family-owned Ace dealer headquartered in Springfield, Massachusetts, acquired Handyman Ace Hardware, a nine-store Ace dealer based in Fairborn, Ohio. The transaction closed April 1, 2022 and was advised by Generational Equity; the acquisition expands Rocky's footprint into Ohio.

JPB Partners Acquires The Helpful Hardware Company with Financing from Tecum Capital Partners

September 24, 2019

Retail

JPB Partners has acquired The Helpful Hardware Company, an Ace Hardware franchisee operating eight stores across the Southeast, with subordinated debt and equity provided by Tecum Capital Partners to support the transaction. Darin Workman will remain CEO and retain a minority stake; financial terms were not disclosed and the former owner was The Capstan Fund.