JPB Partners, LLC is pleased to welcome Westbury’s Ace Hardware (Holly Hill, SC) to its rapidly growing family of Ace Hardware stores through its portfolio company, The Helpful Hardware Company. THHC currently owns fifteen (15) Ace stores throughout Georgia, South Carolina, North Carolina, and Tennessee. The Westbury store has served the Holly Hill, SC and surrounding areas for over 45 years under the leadership of Ernest Westbury. Westbury’s Ace Hardware is a neighborhood store that offers an extensive selection of hardware, plumbing, electrical, paint, lawn and garden, seed and feed, clothing, and sporting goods.
“We are excited about the acquisition of Westbury’s Ace as we continue to expand our investment in The Helpful Hardware Company,” stated Jim Bolduc, President and CEO of JPB Partners. “We look forward to expanding THHC’s presence in South Carolina and continuing the legacy values and service that customers have come to know and appreciate.”
Westbury’s Ace is the seventh acquisition for THHC since JPB Partners’ initial investment in August 2019.
ACE Hardware, founded in 1924, is a hardware retailer cooperative based in Oak Brook, Illinois. This cooperative structure provides each owner of an ACE Hardware store to operate independently with the cooperative providing high-level guidance and buying power to reduce inventory costs. Unlike a typical franchisor, each ACE Hardware store owner can match the needs of their respective markets by fine-tuning the store’s inventory and expertise to support the neighborhood’s demographic.
JPB Partners, through its family office, continues to seek additional acquisition opportunities for growth and expansion.
For more information about Westbury’s Ace Hardware, visit www.helpfulhardwareco.com.
About JPB Partners
JPB Partners is an alternative asset manager specializing in the investment of private equity and real estate, primarily in the Mid-Atlantic and Southeast US. JPB Private Equity invests in lower middle-market buyouts and recapitalizations of profitable consumer related businesses – consumer health and wellness, consumer products, consumer services, food & beverage, restaurants, and specialty retail. JPB Real Estate acquires, develops, and manages income producing real estate of both residential and commercial communities in high growth secondary and tertiary markets with high barriers to entry. JPB Partners was founded in 1995 and is headquartered in Hanover, Maryland. Visit www.jpbpartners.com for more information.
About ACE Hardware
Ace Hardware isthe largest retailer-owned hardware cooperative in the world with more than 5,300 locally owned and operated hardware stores in approximately seventy countries. Headquartered in Oak Brook, Ill., Ace, and its subsidiaries operate an expansive network of distribution centers in the U.S. and have distribution capabilities in Ningbo, China; Colon, Panama; and Dubai, United Arab Emirates. Since 1924, Ace has become a part of local communities around the world and known as the place with the helpful hardware folks. For more information, visit www.acehardware.com.
