M&A Deal Summary

Ace Hardware Acquires The Grommet

On October 3, 2017, Ace Hardware acquired e-commerce company The Grommet from Rakuten

Acquisition Highlights
  • This is Ace Hardware’s 1st transaction in the E-Commerce sector.
  • This is Ace Hardware’s 4th transaction in the United States.
  • This is Ace Hardware’s 1st transaction in Massachusetts.

M&A Deal Summary
Date 2017-10-03
Target The Grommet
Sector E-Commerce
Buyer(s) Ace Hardware
Sellers(s) Rakuten
Deal Type Add-on Acquisition

Target

The Grommet

Somerville, Massachusetts, United States
The Grommet, Inc. is a provider of an e-commerce website that markets and sells new and innovative products created by independent entrepreneurs, also known as Makers. It has discovered and launched dozens of now household brand names, including FitBit, IdeaPaint, OtterBox, SimpliSafe and SodaStream.

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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 4 of 6
Sector (E-Commerce) 1 of 1
Type (Add-on Acquisition) 4 of 6
State (Massachusetts) 1 of 1
Country (United States) 4 of 6
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-05 Jensen Distribution Services

Spokane, Washington, United States

Jensen Distribution Services, Inc. is a wholesale hardware distributor that serves more than 2,000 customers in 11 western states. Jensen carries more than 65,000 items, including household hardware, hand and power tools, electrical, paint and sundries, outdoor living, housewares, automotive, and lawn and garden products.

Buy -
FOLLOWING 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

Rakuten

Tokyo, Japan
Category Company
Founded 1997
Sector Internet Software and Services
Employees30,830
Revenue 2.07T JPY (2023)
DESCRIPTION
Rakuten office in Tokyo, Japan.
Rakuten office in Tokyo, Japan.

Rakuten is an internet services company. Rakuten provides a variety of consumer and business-focused services including e-commerce, eBooks & eReading, travel, banking, securities, credit card, e-money, portal and media, online marketing and professional sports. Rakuten Group is expanding globally and currently has operations throughout Asia, Europe, the Americas, and Oceania. Rakuten was founded in 1997 and is based in Tokyo, Japan.

DEAL STATS #
Overall 1 of 4
Sector (E-Commerce) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Massachusetts) 1 of 1
Country (United States) 1 of 3
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-28 Soukai Drug

Tokyo, Japan

Soukai Drug Co., Ltd. is an online retailer of household goods such as mineral water, nutrition supplements, cosmetics, fabric softeners and baby care products.

Buy ¥8.9B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-08 Curbside

Palo Alto, California, United States

Curbside, Inc. is a technology company whose solutions take friction out of the mobile order ahead customer experience at thousands of stores and restaurants. Curbside, Inc. was founded in 2013 and is based in Palo Alto, California.

Buy -
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