Ace Hardware Corp. has expanded into the fast-growing do-it-for-me market via an acquisition.
The world's largest retailer-owned hardware cooperative announced it has completed the acquisition of Handyman Matters, a franchisor of home repair, maintenance, and improvement services based in Denver, Colorado. Handyman Matters will become Ace Handyman Services and operate as a new stand-alone subsidiary of Ace Hardware Corporation.
Handyman Matters is comprised of locally owned and operated and company-owned locations that offer professional and multi-skilled craftsmen and women trained to handle a homeowner's to-do list in addition to larger projects. On-site services to consumers and small businesses include carpentry, plumbing, electrical, drywall, painting, flooring and much more. The franchisor currently has 57 franchisees who collectively employ approximately 250 handymen and women in 121 territories across 23 states.
"The introduction of Ace Handyman Services provides a platform from which Ace can further deliver on our helpful promise to consumers while expanding our presence in the growing do-it-for-me segment," said John Venhuizen, president and CEO of Ace Hardware Corp. "This acquisition combines a proven home repair and maintenance franchise system with Ace's trusted brand and renowned helpful service. Providing increased support to existing franchisees while aggressively recruiting more is part of a compelling evolution in our plan for strategic growth and our retailers' continued success."
Andy Bell, the founder and CEO of Handyman Matters will continue to lead the day-to-day business operations for Ace Handyman Services from its headquarters in Denver. Integration and re-branding initiatives are currently underway with a target completion in the first quarter of 2020.