M&A Deal Summary

Do it Best Acquires True Value

On October 14, 2024, Do it Best acquired retailer True Value from ACON Investments

Acquisition Highlights
  • This is Do it Best’s 1st transaction in the Retail sector.
  • This is Do it Best’s 1st transaction in the United States.
  • This is Do it Best’s 1st transaction in Illinois.

M&A Deal Summary

Date 2024-10-14
Target True Value
Sector Retail
Buyer(s) Do it Best
Sellers(s) ACON Investments
Deal Type Special Situations/Distressed

Target

True Value

Chicago, Illinois, United States
True Value is an independent hardware retailer and cooperative with locations across the US. True Value was founded in 1948 and is based in Chicago, Illinois.

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Buyer(S) 1

Buyer

Do it Best

Fort Wayne, Indiana, United States

Category Company
Founded 1945
Sector Distribution
DESCRIPTION

Do it Best is a comprehensive and fully integrated hardware, lumber, and building materials buying cooperative in the home improvement industry. Do it Best was founded in 1945 and is based in Fort Wayne, Indiana.


DEAL STATS #
Overall 1 of 1
Sector: Retail M&A 1 of 1
Type: Special Situations/Distressed M&A Deals 1 of 1
State: Illinois M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2024 M&A 1 of 1

Seller(S) 1

SELLER

ACON Investments

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1996
PE ASSETS 7.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

ACON Investments is an international private equity firm that targets investments in the US, Europe, and Latin America. ACON's investment strategy covers 'opportunities at times of change - responding at points of inflection where value creation is possible'. Examples include businesses that serve the rapidly growing US Hispanic population, energy and energy service needs, businesses in need of operational help, and opportunities in Latin America resulting from economic deregulation and political liberalization. ACON's looks for companies where it can commit $20 to $150 million of equity capital. Target sectors include consumer products and services, distribution, business services and industrial manufacturing. ACON Investments was formed in 1996 and has offices in Washington DC; Houston, Texas; Los Angeles, California; and Madrid, Spain.


DEAL STATS #
Overall 31 of 33
Sector: Retail M&A 4 of 4
Type: Special Situations/Distressed M&A Deals 1 of 1
State: Illinois M&A 1 of 1
Country: United States M&A 21 of 22
Year: 2024 M&A 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-05 ProEnergy Services

Sedalia, Montana, United States

ProEnergy Services is an integrated service provider that delivers cost-effective, safe, and reliable services to the global energy industry. ProEnergy Services was founded in 2002 and is based in Sedalia, Missouri.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-04 Commando

Mexico City, Mexico

Commando is a boutique fitness studio operator in Mexico. The company offers three types of high intensity assisted classes: functional training (“Bootcamp”), spinning (“Bici”) and strength conditioning (“Taller”). Commando offers a dynamic, group-based fitness and social atmosphere that appeals to a rapidly growing customer base seeking an engaging and efficient workout experience. Commando is based in Mexico.

Buy -