M&A Deal Summary

Ace Hardware Acquires Westlake Hardware

On December 18, 2012, Ace Hardware acquired retailer Westlake Hardware from Goldner Hawn Johnson & Morrison for 88M USD

Acquisition Highlights
  • This is Ace Hardware’s 1st transaction in the Retail sector.
  • This is Ace Hardware’s largest (disclosed) transaction.
  • This is Ace Hardware’s 1st transaction in the United States.
  • This is Ace Hardware’s 1st transaction in Kansas.

M&A Deal Summary
Date 2012-12-18
Target Westlake Hardware
Sector Retail
Buyer(s) Ace Hardware
Sellers(s) Goldner Hawn Johnson & Morrison
Deal Type Add-on Acquisition
Deal Value 88M USD
Advisor(s) Lazard Middle Market (Financial)

Target

Westlake Hardware

Lenexa, Kansas, United States
Westlake Hardware, Inc. is a retail hardware chains nationwide. Westlake Hardware currently operates over 80 stores in a seven state region of Missouri, Kansas, Nebraska, Iowa, Oklahoma, Texas and New Mexico.

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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 1 of 6
Sector (Retail) 1 of 1
Type (Add-on Acquisition) 1 of 6
State (Kansas) 1 of 1
Country (United States) 1 of 6
Year (2012) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-02 Ace Hardware - Paint Manufacturing Assets

United States

Ace Hardware - Paint Manufacturing Assets is a provider of paint manufacturing facilities.

Sell -

Seller(S) 1

SELLER

Goldner Hawn Johnson & Morrison

Minneapolis, Minnesota, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1989
PE ASSETS 825M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Goldner Hawn Johnson & Morrison (GHJ&M) is a private equity firm that targets middle market companies in the Midwest US. GHJ&M generally looks for businesses valued between $20 and $150 million and looks to invest between $10 to $25 million of equity capital per transaction. Sectors of interest include agribusiness, food, power generation, basic materials, medical products, consumer products, retail, restaurants, consumer services, business services, and industrials. GHJ&M prefers control investments, but in certain instances, the Firm will also consider minority positions. GHJ&M was formed in 1989 and is based in Minneapolis, Minnesota.

DEAL STATS #
Overall 19 of 33
Sector (Retail) 2 of 2
Type (Add-on Acquisition) 13 of 16
State (Kansas) 1 of 2
Country (United States) 19 of 33
Year (2012) 2 of 2
Size (of disclosed) 8 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-01 Imperial Plastics

Lakeville, Minnesota, United States

Imperial Plastics is a contract injection molder specializing in the production of highly engineered plastic components. Imperial Plastics was founded in 1968 and is based in Lakeville. Minnesota.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-21 Universal Turbine Parts

Prattville, Alabama, United States

Universal Turbine Parts LLC is a provider of turboprop aircraft engine products and related services to maintenance repair and overhaul facilities, fleet operators and engine parts dealers across the globe. Universal Turbine Parts was founded in 1993 and based in Prattville, Alabama.

Buy -
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