 | |
| True Value | |
| Company type | Subsidiary |
| Industry | Hardware stores |
| Founded | Chicago, Illinois, U.S. (1948, as Cotter & Company) |
| Founder | John Cotter |
| Headquarters | , |
Number of locations | 4,500+ (60 countries)[1] |
Key people | Dan Starr (CEO)[2] |
| Products |
|
| Revenue |  US$1.488 billion (2017)[3] |
 US$ 40.16 million (2017) | |
| US$ 24.75 million (2017) | |
| Total assets | US$ 912.88 million (2017) |
| Total equity | US$ 160.4 million (2017) |
| Owner | Do It Best |
Number of employees | 2,500 (2019)[4] |
| Website | truevalue |
The True Value Company is an American wholesaler and Hardware store brand.[5] The corporate headquarters are located in Chicago.[6]
Historically True Value was a cooperative owned by retailers,[7] but in 2018 it was purchased by ACON Investments.[8] In October 2024, True Value filed for bankruptcy and competitor Do It Best agreed to purchase the company.[5] The purchase was completed in November 2024.[9] The independent retailers True Value supplied, branded as "True Value", are not part of the bankruptcy and will continue operating.[5]
- ^ "True Value Company > Home". Truevaluecompany.com. Retrieved April 9, 2020.
- ^ staff. "Meet The Team – True Value Company". truevaluecompany.com. Retrieved December 2, 2024.
- ^ "2017 Annual Financial Report" (PDF). Truevaluecompany.com. March 2, 2018.
- ^ "True Value". Forbes.
- ^ a b c Valinsky, Jordan (October 14, 2024). "True Value declares bankruptcy and sells itself to a hardware rival". CNN. Retrieved October 17, 2024.
- ^ Shipe, Caitlynn (October 14, 2024). "Do it Best makes bid to obtain Chicago-based True Value". FOX 55 Fort Wayne. Retrieved October 17, 2024.
- ^ Unglesbee, Ben. "True Value announces buyout deal with private equity firm". Retail Dive. Retrieved October 22, 2019.
- ^ Dorbian, Iris (March 16, 2018). "ACON Investments to invest in hardware retailer True Value". Pehub.com. Retrieved August 11, 2019.
- ^ Connection, The Hardware (November 22, 2024). "Do it Best Finalizes True Value Acquisition, Creating Largest Network of Independent Home Improvement Stores". The Hardware Connection. Retrieved December 2, 2024.