Ace Hardware buys out Lakewood’s Handyman Matters
Ace Hardware Corp., one of the largest hardware stores in the country, has acquired Handyman Matters, a Lakewood-based repair services franchisor.
Ace will rename Handyman Matters to Ace Handyman Services early next year and will keep it as a standalone subsidiary based on Metro Denver, according to a press release.
Ace said Andy Bell, the founder and CEO of Handyman Matters, will remain in charge and plans to grow the business with 57 franchisees employing 250 people in 23 states.
“As part of the new Ace Handyman Services, our franchisees have a tremendous opportunity to grow their business with Ace and its trusted retailers,” Bell said in a statement.
Services offered by Handyman Matters’ locally owned and operated franchisees include carpentry, plumbing, electrical, drywall, painting, and flooring installation.
At the beginning of 2008, before the financial crisis, Handyman Matters had 130 locations in the USA and Europe.
Ace, based in Oak Brook, Illinois, has 5,200 locally owned and operated businesses. The terms of the contract were not disclosed.