JPB Partners is excited to announce the newest addition to its growing network of Ace-branded hardware stores, as it welcomes Lowcountry Ace Hardware, located in Ladson, SC. This acquisition, facilitated through its portfolio company, The Helpful Hardware Company is the 18th store to join their family of Ace Hardware stores. Notably, Lowcountry Ace Hardware is JPB’s fourth acquisition within a span of just six months, and tenth overall since their initial investment in 2019.
Lowcountry Ace Hardware has faithfully served the Ladson community, establishing itself as an essential part of the neighborhood under the exceptional leadership of Calvin and Lynn Rhoney. With the acquisition of Lowcountry Ace Hardware, JPB further expands its commitment to enhancing the communities it serves across South Carolina, North Carolina, Georgia, and Tennessee. HHC will now operate three stores in the greater Charleston, SC market, alongside Ace Hardware Duncan in Goose Creek, SC; and, Westbury’s Ace Hardware in Holly Hill, SC.
Jim Bolduc, CEO of JPB, remarked, “We are thrilled with the growth and success of HHC. The acquisition of Lowcountry Ace Hardware is a perfect geographic complement to our existing South Carolina footprint and furthers our partnership with Ace Hardware in the Southeast.”
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 is the 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.
