Do it Best Finalizes True Value Acquisition, Creating Largest Network of Independent Home Improvement Stores
Do it Best has officially completed its acquisition of True Value, creating the world’s largest cooperative network of independent home improvement retailers. This significant transaction marks a transformative milestone for both companies and the broader independent hardware industry.
“This has been a challenging process,” said Dan Starr, CEO of Do it Best. “However, the shared commitment from our team and the True Value team has made today possible. We are now proud to be the world’s largest cooperative in our space, and that positions us to make a real difference for all our store owners.”
The acquisition includes True Value’s inventory, brand rights, and paint manufacturing facilities, positioning Do it Best for substantial growth and bolstering its ability to support independent retailers. The integration of these key assets will also bring greater operational stability to True Value’s network of retailers while preserving the strength of its iconic brand, according to the press release posted by Do it Best.
The deal was initiated in mid-October as reported in Hardware Connection. After an initial objection by creditors, U.S. Bankruptcy Judge Karen Owens facilitated the court proceedings so the deal could be finalized.
Maintaining Separate Operations during Transition
True Value will operate as a separate subsidiary under Do it Best, ensuring continuity for both Do it Best members and True Value retailers. This approach allows for a careful integration process while maintaining high-quality service.
“Our commitment to championing the independent retailer is at the heart of everything we do,” Starr said. “This acquisition is about ensuring our collective success, now and in the future.”
The focus on a smooth transition underscores Do it Best’s mission to protect the interests of both sets of retailers and continue offering the reliable support they expect.
New Leadership Teams for Do it Best & True Value
To lead this transformation, Do it Best has appointed a leadership team to oversee both the Do it Best and True Value operations.
Nick Talarico has been named President of Do it Best, while Dent Johnson will serve as President of True Value. Johnson’s leadership team for True Value includes:
- Bill Habegger – Vice President of Information Technology
- Justin Hanford – Vice President of Merchandising
- Eric Lane – Senior Vice President of Marketing
- Tim Miller – Senior Vice President of Logistics & Distribution
- Chris Okapal – Vice President of Sales & Business Development
- Steve Rose – Vice President of Distribution
- Matt Saines – Vice President of Finance
- Rob Schmiedel – Vice President of Operations & Sales Enablement
- Ken Sorg – Vice President of Supply Chain
- Celeste Stevens – Vice President of Human Resources
- John Vanderpool – Senior Vice President of Manufacturing
- Jenna Grannan – Director of Marketing
- Randy Rusk – Director of Communications
The new leadership structure reflects Do it Best’s strategic focus on stabilizing and growing True Value’s business while continuing to prioritize the growth of Do it Best’s membership.
A Generational Opportunity for the Industry
Starr described the acquisition as a “generational opportunity” for the cooperative and the industry. By leveraging enhanced efficiencies, deepening vendor relationships, and integrating True Value’s resources, Do it Best aims to deliver long-term value to its members and position itself as a leader in the home improvement market, according to Starr.
“This is a generational opportunity that will shape the future of our cooperative and our industry,” said Starr. “We’re focused on taking our time to get it right. We ask for patience as we integrate True Value and help everyone grow and achieve their dreams.”
Commitment to Transparency, Growth
Do it Best plans to keep its store owners and vendors updated throughout the integration process, prioritizing transparency and open communication, according to the press release. This commitment ensures that all stakeholders remain informed and aligned as the two companies merge operations and pursue shared growth opportunities.
