M&A Deal Summary

Ace Hardware Acquires Unique Indoor Comfort

On May 9, 2023, Ace Hardware acquired business services company Unique Indoor Comfort from Grove Mountain Partners

Acquisition Highlights
  • This is Ace Hardware’s 1st transaction in the Business Services sector.
  • This is Ace Hardware’s 6th transaction in the United States.
  • This is Ace Hardware’s 1st transaction in Georgia.

M&A Deal Summary
Date 2023-05-09
Target Unique Indoor Comfort
Sector Business Services
Buyer(s) Ace Hardware
Sellers(s) Grove Mountain Partners
Deal Type Add-on Acquisition
Advisor(s) DLA Piper (Legal)

Target

Unique Indoor Comfort

Atlanta, Georgia, United States
Unique Indoor Comfort is an HVAC and plumbing services company that delivered operational, management, accounting, and technology excellence within the heating and cooling space. Unique Indoor Comfort was founded in 2021 and is based in Atlanta, Georgia.

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Buyer(S) 1

Buyer

Ace Hardware

Oak Brook, Illinois, United States
Category Company
Founded 1924
Sector Retail
DESCRIPTION
Ace Hardware distribution center in Suffolk, Virginia.
Ace Hardware distribution center in Suffolk, Virginia.

Ace Hardware is a retailer-owned hardware company with more than 5,300 locally owned and operated hardware stores in approximately 70 countries. The company with its subsidiaries operates an expansive network of distribution centers in the U.S. and around the world. Ace Hardware was formed in 1924 and is based in Oak Brook, Illinois.

DEAL STATS #
Overall 6 of 6
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 6 of 6
State (Georgia) 1 of 1
Country (United States) 6 of 6
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-06 Handyman Matters

Denver, Colorado, United States

Handyman Matters is a national franchise organization that offers home and commercial maintenance, improvement, and remodeling services. Handyman Matters was founded in 1998 and is based in Denver, Colorado.

Buy -

Seller(S) 1

SELLER

Grove Mountain Partners

Investor Investor Investor Investor

Category Private Equity Firm
Founded 2020
PE ASSETS 480M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Grove Mountain Partners is a private equity firm focused on investments in lower-middle market home service and specialty business service companies throughout the US. The Firm seeks long-term partnerships with management teams in businesses with EBITDA between $3 and $25 million and $15 to $200 million in revenue. Grove Mountain considers control and structured equity investments to support management/leveraged buyouts, family succession planning, recapitalizations, and corporate divestitures. Grove Mountain prefers businesses with relatively low capital intensity and generally avoids companies with customer concentration, extreme cyclicality, significant regulation, or unknown technology risks. Grove Mountain Partners was founded in 2020 and is based in Atlanta, Georgia.

DEAL STATS #
Overall 2 of 3
Sector (Business Services) 2 of 2
Type (Add-on Acquisition) 2 of 3
State (Georgia) 2 of 2
Country (United States) 2 of 3
Year (2023) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-04 HopGistics

Atlanta, Georgia, United States

HopGistics provides customized keg management solutions and support. HopGistics works with breweries to determine the best keg program for their current and future needs and deliver it. HopGistics is based in Atlanta, Georgia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-03 Central States Paving and Concrete

Wisconsin, United States

Central States is a partnership of paving companies. It seeks to provide excellent customer service while providing a stable and growing environment for its base of committed employees. Central States Paving and Concrete is based in Wisconsin.

Sell -
Mergr

Product

Company

Legal