Generational Group Advises Gambles Hardware in its Sale to Nation’s Best
May 14 2024 - 1:18PM
Business Wire
Generational Group, a leading mergers and acquisitions advisory
firm for privately held businesses, is pleased to announce the sale
of its client Leroux Creek Trading, Inc. (dba Gambles Hardware) to
Nation’s Best Holdings, LLC. The acquisition closed May 1,
2024.
Gambles Hardware (Gambles), located in Hotchkiss, Colorado, is
an Ace hardware store which services the local and surrounding
counties in the region. Founded in 1942, Gambles has built its
82-year reputation as the first-choice source for home improvement
goods and services in Hotchkiss. They are known for their strong
selection of plumbing, electrical products, gardening, and paint,
as well as authorized dealers for in-demand brands.
Headquartered in Dallas, Texas, Nation’s Best was founded in
2019 and currently owns and operates a growing number of locations
across the United States. Nation’s Best is committed to identifying
and acquiring best-in-class independent home improvement stores to
ensure their continued relevance as vibrant community
resources.
“When owner Kimberly Kelly expressed an interest in selling her
family’s hardware store so she could refocus her efforts on her
other businesses in town, we stepped in to take a closer look at
Gambles Hardware knowing that store could be a great fit within the
Nation’s Best model,” says Tina Green, Regional Vice President of
Operations for Nation’s Best’s West Region.
Green added, “Kimberly and her late husband built up a solid
store that aimed to serve all the community’s needs. The store is
clean, welcoming, well- organized, and broad in its mix of diverse
products across its 7,000 square feet of retail space.”
Robert Debs, who oversees acquisitions for Nation’s Best, notes
that the company intends to remain active on the acquisitions front
this year. “Nation’s Best has no plans to slow down. With almost
sixty stores now in operation under the Nation’s Best family of
over thirty distinct brands, we have honed our winning formula for
success. We are looking forward to continuing to demonstrate the
value and relevance of independent home improvement across the
country.”
Generational Group Executive Managing Director, M&A –
Western Region, Lori Galloway, Randy Bernard, Generational Group
Authorized Affiliate, with the support of Senior Vice President,
M&A, Amy Wall successfully closed the transaction. Senior
Managing Director, Ashok Tandon established the initial
relationship with Gambles.
About Generational Group
Generational Group, headquartered in Dallas, is a leading, award
winning, full-service business advisory firm. With more than 350
professionals located throughout 17 offices in North America, the
company helps business owners release the wealth of their business
by providing growth consulting, merger, acquisition, and wealth
management services. The Generational suite of advisory services
includes strategic growth consulting, exit planning education,
business valuation, value enhancement strategies, M&A services,
digital services, and wealth management.
For more information visit https://generational.com/.
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Carl Doerksen 972-342-0968 cdoerksen@generational.com