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Tag Archives: acon investments

EXCLUSIVE: True Value Announces Hartmann to Leave in May

hartmann

True Value Co. announced today that John Hartmann, who has served as chief executive officer since 2013 and led the company through its transition from a co-operative, will be leaving in May. Hartmann, who will remain on True Value’s board …

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True Value CEO Discusses Benefits of Strategic Investment

true value

The chief executive at True Value recently shared thoughts on how changes to the company have impacted the retailers it serves. In March 2018, True Value struck a deal with ACON Investments, effectively transitioning the company from its long-standing co-op …

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True Value Shareholders Vote to Proceed With Sale

ACON

After months of speculation, 15 roundtable sessions and thousands of individual conversations and emails with members, the votes are in and True Value’s shareholders have overwhelmingly approved the sale of 70 percent of the company’s stock to private-equity firm ACON …

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True Value Members Favor Sale, but Co-Op Extends Voting Deadline

true value

As of April 13, True Value Co. has received the retailer votes it needs to sell to a private investment firm, but the co-op is extending its member voting deadline to April 20. The company announced March 15 that it agreed to …

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Exclusive: True Value Co. Strikes Deal With Strategic Investor

True Value CEO

The True Value Co. today announced a plan that they say will accelerate the company’s long-term business strategy and secure the future of the independent retailers it serves. The company has agreed to sell 70 percent ownership in the organization …

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