Runnings Keeps on Growing
What started as an automotive supply store in Marshall, Minn., in 1947 is about to grow to 80 stores in 12 states. Runnings, still based in Minnesota, recently reached an agreement to purchase R.P. Home & Harvest, which operates 22 stores and a distribution facility in four Midwest states.
“From the customers and the communities to the employees and vendors, we truly feel this is an excellent opportunity for everyone involved,” said Brian Odegaard, president of Runnings. “These stores and communities are very similar to the markets we presently serve and, after many discussions with R.P. Home & Harvest’s leadership, both companies knew this would be a great fit from a culture, values and operations standpoint.”
“Runnings has been doing this for over 75 years, and they are one of the top farm, home and outdoor-store companies in America, extremely well-regarded by customers and competitors,” said Jason Plummer, president of R.P. Home & Harvest. “We are both family-owned companies and that means a lot to us. This deal would not have come together if we did not have the utmost confidence that Runnings will do a phenomenal job for all stakeholders.”
The deal is scheduled to close in June. The stores will continue operating as R.P. Home & Harvest for a limited period of time as Runnings transitions the stores to their retail brand.
“I have personally visited many of the R.P. Home & Harvest stores, and I was thoroughly impressed, especially with some of the team members I encountered,” said Odegaard. “We can’t wait to add these stores and the R.P. Home & Harvest team members to our growing company.”