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Do It Best
Do It Best
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Do it Best Corp., formerly known as Hardware Wholesalers, Inc. (HWI), is a member-owned hardware, lumber, and building materials cooperative based in Fort Wayne, Indiana. Do it Best Corp. is the second-largest co-op in the industry with over $6 billion in annual sales.[3] Do it Best Corp. does not mandate store identities, so member-owners may or may not display the Do it Best brand name in their businesses. [citation needed]

Key Information

History

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Hardware Wholesalers, Inc. (HWI) was founded by Arnold Gerberding in 1945 in Fort Wayne, Indiana, with the investments of 100 independent business owners in Illinois, Indiana, Michigan and Ohio. Gerberding used the co-op model so HWI members could get better volume pricing from vendors by buying together rather than on their own. Independent hardware stores became members of the cooperative and its sole shareholders. The first warehouse facility opened in 1948, and HWI added a private truck delivery system in 1955.[4] When Gerberding retired in 1967, HWI had more than 600 members. [citation needed]

Don Wolf succeeded Gerberding and opened HWI's first distribution center outside of Fort Wayne in Cape Girardeau, Missouri. In 2014, Do it Best moved that distribution center to Sikeston, Missouri.[5] Today, there are nine centers located across the US as well as three regional lumber offices. [6]

McDaniel's Do it Center Snohomish, Washington

Mike McClelland succeeded Don Wolf as president in 1992. During his tenure, the co-op expanded internationally, primarily in Central and South America and the Caribbean. In 1998, HWI combined with Our Own Hardware, a Minnesota-based regional co-op. As a result of the merger, HWI changed its name to Do it Best Corp. In 2002, Bob Taylor, a former member-owner with stores in Virginia Beach, Virginia, took over as president and CEO and has led the company into new markets supporting commercial/industrial and web-only businesses until his retirement in January 2016. Following Taylor's retirement in early 2016, Dan Starr became the company's fifth president and CEO.[7]

Since 2022, Do it Best's corporate headquarters in Fort Wayne has been located on the Electric Works campus (Building 19 pictured above).

As of 2022, Do it Best was the largest privately held company in the state of Indiana.[8] In December 2022, Do it Best relocated its corporate headquarters to the Electric Works campus in Fort Wayne, becoming the anchor tenant operating out of Building 26.[9] In March 2024, United Hardware, a regional hardware cooperative based in Minnesota, agreed to merge with Do it Best.[4] The merger would include 700 store locations, a distribution center in Milbank, SD, and the Hardware Hank brand.[10] The merger was overwhelmingly approved by United Hardware shareholders on April 5, 2024.[11]

In November 2024, Do it Best successfully acquired True Value Company out of bankruptcy for $153 million. The acquisition included inventory, brand rights, and paint manufacturing facility plus over 4,500 True Value store locations bringing the total locations served by Do it Best to over 8,000.[12]

References

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from Grokipedia
Do It Best Corp. is a member-owned headquartered in , that supplies hardware, lumber, building materials, and related products to independent retailers across the and internationally. Founded in 1945 as Hardware Wholesalers, Inc. by Arnold Gerberding to support independent hardware stores through a cooperative model, the has evolved into one of the largest such networks in the industry, serving more than 8,000 member locations worldwide as of 2024. The company's early growth focused on expanding distribution capabilities, including the construction of a permanent in 1947 and the introduction of private truck deliveries in 1955, which helped it achieve multinational status by 1967, with annual sales of over $35 million at that time, later growing to exceed $1 billion under Don Wolf's leadership. In 1982, Do It Best pioneered the Do it Center® store design program, which standardized and modernized retail formats for members, and by , following a merger with Our Own Hardware, it rebranded from Hardware Wholesalers, Inc. to Do It Best Corp. The operates eight distribution centers across the U.S. and supports members in over 60 countries, emphasizing low operational costs and member-driven governance to enhance competitiveness against larger chains. In recent years, Do It Best has pursued strategic expansions to strengthen its position in the sector. In April 2024, it completed a merger with United Hardware Distributing Co., adding approximately 700 member stores and enhancing supply chain efficiency. Later that year, on November 22, 2024, Do It Best finalized its $153 million acquisition of True Value Company's assets, incorporating over 4,500 additional independent retailers and creating the world's largest cooperative network of independent hardware and stores with combined annual sales approaching $6 billion. For fiscal year 2025, the combined entity reported consolidated revenues of approximately $4.8 billion. These developments underscore Do It Best's commitment to empowering independent retailers through scale, innovation, and global reach.

History

Founding and early development

Do It Best originated in the aftermath of , when independent hardware retailers faced increasing competition from large chain stores and sought ways to strengthen their operations through power. In 1945, Arnold Gerberding, a former hardware salesman, founded Hardware Wholesalers, Inc. (HWI) in , as a dealer-owned designed to pool purchasing resources for hardware goods among independent retailers. The began with nearly 100 charter members, primarily from the Midwest, enabling small-scale dealers to access bulk pricing and merchandise that would otherwise be unattainable, thereby fostering resilience in a rapidly consolidating industry. To support its growing membership, HWI prioritized infrastructure development funded entirely by its members. In , the company's initial 13 staff members participated in the for its first permanent facility on Nelson Road in Fort Wayne, which opened the following year and marked a shift from temporary operations to a stable distribution hub. This member-financed approach underscored the cooperative's foundational principle of shared ownership and , allowing HWI to distribute hardware, , and related products more efficiently to its base of independent stores. By the early 1950s, HWI had expanded its reach to a broader regional membership, serving over 200 hardware and lumber dealers across the Midwest and beyond, reflecting steady growth from its original small group of Midwestern participants. A key milestone came in 1955, when the cooperative introduced its own private truck delivery fleet, starting with two 16-foot trucks operated by off-duty taxi drivers, which reduced freight costs and provided scheduled deliveries directly to member stores. This innovation enhanced logistics support and solidified HWI's role as a vital partner for independent retailers during its formative decade.

Expansion and rebranding

In 1967, Don Wolf was appointed as President and Chief Executive Officer of Hardware Wholesalers, Inc. (HWI), succeeding founder Arnold Gerberding at a time when the had grown to over 600 members and $35 million in annual sales. Under Wolf's leadership, HWI underwent significant multinational expansion, transitioning from a regional player to a global entity with sales exceeding $1 billion by the late 1980s and reaching $1.2 billion by his retirement in 1992. A key aspect of this growth involved the development of dedicated distribution infrastructure. In 1971, HWI opened its first standalone regional warehouse in , a 300,000-square-foot facility strategically positioned to serve southern and western U.S. markets. This was followed by additional U.S. facilities in the 1970s and 1980s, including centers in (1974), (1977), and (1980), which expanded coverage to the , Northeast, and Southwest regions while supporting a membership that grew to over 3,000 by 1990. HWI's international presence began in 1979 with the addition of its first overseas member, the Do it Center, marking the cooperative's entry into global markets and broadening its scope beyond . To enhance member retail competitiveness, HWI launched the Do it Center store design program in 1982, introducing standardized formats with bright colors, prominent signage, and efficient layouts that revolutionized the visual appeal of independent hardware stores in the sector. The 's transformation culminated in with its merger with Our Own Hardware, a Minnesota-based regional serving over 700 stores, which added substantial Midwest membership and prompted a comprehensive . HWI adopted the name Do it Best Corp., along with updated branding elements such as the iconic "Do it Best" logo, solidifying its modern identity as a unified national and international hardware .

Acquisitions and modern growth

In the early 21st century, Do It Best underwent significant leadership transitions that guided its strategic direction. Mike McClelland served as president and CEO starting in 1992, focusing on member services and international expansion before handing over to Bob Taylor in 2002. Taylor, who joined the company in 2000, led through a period of operational consolidation and growth until his retirement in early 2016, when Dan Starr, previously the executive vice president and , assumed the role of president and CEO. A key modern initiative was the 2022 relocation of Do It Best's world headquarters to the Electric Works campus in downtown , where the company occupies approximately 200,000 square feet in Building 26 as the . This move from its previous location in New Haven consolidated central functions and positioned the organization within an innovation district, supporting enhanced collaboration and future scalability. Strategic acquisitions further propelled Do It Best's growth in 2024. On May 1, the company completed its merger with United Hardware Distributing Co., incorporating over 700 member stores and integrating a distribution warehouse in , , to bolster efficiency and regional reach. Later that year, on November 22, Do It Best acquired the assets of longtime competitor Company following a competitive process, adding thousands of independent retailers and creating the world's largest cooperative network of stores. This acquisition expanded product assortments for members, including the introduction of power tools and Diablo accessories into True Value's distribution centers by March 2025, providing broader access to high-demand lines. By November 2025, these efforts had grown Do It Best's network to over 8,000 member stores worldwide, reflecting resilience amid economic pressures such as disruptions and market volatility. Consolidated revenues reached $4.88 billion for 2025, marking a 6.1% increase and underscoring the co-op's adaptability through diversified operations and member-focused innovations.

Operations

Distribution and logistics

Do It Best's distribution and logistics operations have evolved significantly since the cooperative's early days, beginning with the launch of its own truck fleet in to facilitate direct deliveries to member stores and reduce transportation costs. Initially comprising two 16-foot trucks operated by off-duty drivers, this fleet expanded rapidly, enabling the organization to handle hardware, , and building materials more efficiently across growing member networks. This foundational innovation in delivery systems laid the groundwork for a more integrated , transitioning from regional trucking to a nationwide infrastructure by the . As of 2025, Do It Best maintains a network of nine primary U.S. warehouses strategically located to support member operations, including facilities in Dixon, Illinois; Lexington, South Carolina; Medina, Ohio; Mesquite, Nevada; Milbank, South Dakota; Montgomery, New York; Sikeston, Missouri; Waco, Texas; and Woodburn, Oregon. The Sikeston warehouse, for instance, traces its origins to the cooperative's first standalone regional distribution center established in nearby Cape Girardeau, Missouri, in 1971, which served as a pivotal expansion to reach southern and western markets. These member-owned facilities are financed through cooperative patronage and investments, allowing the organization to prioritize cost efficiencies for independent retailers by minimizing overhead and optimizing stock replenishment. Following the 2024 merger with United Hardware Distributing Co., which added the Milbank, South Dakota, warehouse and expanded reach in the Great Plains, Do It Best further integrated assets from its November 2024 acquisition of True Value Company. Post-merger, five distribution centers were closed to consolidate operations, achieving significant cost savings and efficiency gains as of fiscal year 2025. The combined infrastructure now supports over 12,000 independent stores, with advanced inventory management tools like the Inventory Productivity Analysis platform enabling real-time optimization and 99.8% order accuracy to lower costs for members.

Member support programs

Do It Best provides a range of non-logistical support programs to empower its independent retailer members, focusing on store optimization, , , and financial advantages to enhance operational success and competitiveness. These initiatives leverage the cooperative's resources to deliver tailored advisory services, promotional tools, and collaborative benefits without mandating participation. The Do it Center store design and merchandising program, launched in 1982 by predecessor Hardware Wholesalers, Inc., introduced a revolutionary visual standard for retailers, featuring bright colors, clear signage, and efficient layouts to make stores appear larger and products more accessible. This initiative set industry benchmarks by igniting a resurgence in hardware retailing and remains adaptable today, offering customizable plans for stores of any size or location to optimize merchandising and customer flow. Members can collaborate with Do it Best's design team to create tailored layouts that align with local needs while adhering to proven visual standards for enhanced profitability. Best Rewards, a free for end-customers, enables participants to earn one point for every dollar spent on qualifying purchases at participating member stores or online via the Do it Best platform, with 250 points redeemable for a $5 reward . The program fosters through exclusive offers, special promotions, and personalized discounts based on spending habits, while allowing members to analyze data for targeted . Administered in partnership with members, it drives traffic and without additional costs to retailers. Educational and operational support includes the College of Retail Education (CORE), a hands-on program providing overviews of Do it Best initiatives, networking opportunities, and strategies for business growth, hosted by CEO Dan Starr for new and established members. Members access more than 60 free seminars at spring and fall markets covering business management, sales techniques, , and product knowledge, alongside specialized sessions like Rental School for equipment management and Home Décor School of Design for trend expertise. Vendor partnerships with over 5,000 suppliers facilitate joint promotions and product training, while business consulting through tools like DiBTV online video library and executive forums supports operational efficiency. integration is bolstered by a no-fee platform launched in 2023, enabling members to sell online with centralized inventory management and strategies for growth, now supporting nearly 1,900 stores. Financial services emphasize pooled purchasing, where the aggregates members' buying power—spanning over 12,000 independent retailers as of 2025—to negotiate competitive pricing and terms from vendors, reducing costs and expanding product access without individual bulk requirements. Member equity programs operate through dividends, distributing profits as rebates based on purchase volume; Do it Best has returned over $100 million annually in such rebates for multiple years, building long-term value for participants. These mechanisms ensure equitable financial returns while prioritizing competitive pricing and margin improvement tools like Merchandising Essentials.

Products and services

Core product categories

Do It Best, as a member-owned , sources and distributes a wide array of merchandise to support independent hardware stores, home centers, and lumberyards, with core categories encompassing essential items for and projects. The cooperative stocks over 67,000 SKUs across 26 departments, enabling members to offer comprehensive solutions for DIY enthusiasts and professional contractors alike. Hardware essentials form a foundational category, including hand tools such as hammers, screwdrivers, and wrenches; power tools and accessories; fasteners like screws, nails, and bolts; supplies ranging from pipes and fittings to fixtures; and electrical products such as wiring, outlets, and components. These items are designed to meet everyday repair and maintenance needs, with the cooperative emphasizing quality and variety to help members compete in local markets. Lumber and building materials represent another key pillar, featuring dimensional in species like cedar and , plywood panels, roofing products including and underlayment, and siding options such as vinyl and fiber cement. Additional offerings in this category include insulation, mixes, decking materials, and ventilation systems, providing full-spectrum support for residential and commercial building projects. Home decor and paint categories cater to interior and exterior finishing needs, with wall coverings like and paneling, flooring options including laminate, , and underlay, and complete paint lines in various sheens for ceilings, walls, floors, and exteriors. Spray paints and accessories further enhance this assortment, allowing members to serve customers seeking aesthetic upgrades. Seasonal and outdoor items address year-round lifestyle demands, encompassing care products like fertilizers, seeds, and mowing tools; equipment and accessories; and holiday merchandise such as decorations and seasonal displays. Outdoor living selections include patio furniture, garden tools like hoes, rakes, and wheelbarrows, ensuring members can capitalize on fluctuating consumer interests. Following the acquisition of and subsequent integration efforts, Do It Best expanded its power tool offerings in early 2025 by incorporating enhanced selections of power tools and Diablo accessories into distribution centers, broadening access for all members to premium professional-grade products.

Proprietary brands and programs

Do It Best maintains a portfolio of proprietary and exclusive brands that provide member retailers with competitive differentiation through value-oriented, high-quality products unavailable elsewhere. Key examples include Best Look® for paint and applicators, Home Impressions® for decorative home accessories such as faucets and lighting, and Best Garden™ for lawn and garden products. Following the 2024 acquisition of Company, Do It Best incorporated several of True Value's established private labels, including Master Mechanic, a line of hand tools, power tools, and accessories designed for both DIY and professional use, emphasizing durability and affordability for independent hardware stores. Another key addition is Protech, True Value's professional-grade brand offering specialized items such as automotive repair supplies and heavy-duty hardware, targeted at contractors and tradespeople seeking reliable performance at lower costs than premium national brands. In addition to these acquired private labels, Do It Best has cultivated exclusive partnerships with select vendors to offer member-only access to expanded product lines. A notable example is the 2025 extension of Milwaukee Tool and Diablo power tools and accessories into Do It Best's distribution network, including former locations, providing the largest assortment of these brands available to independent retailers and enhancing inventory options for cordless tools, saw blades, and related accessories. These vendor programs focus on exclusive distribution rights, enabling members to stock professional-grade items that support market competitiveness without the overhead of direct sourcing. Do It Best supports these brands through targeted promotional initiatives that drive sales and member engagement. The ADpak consumer program features over 50 customizable promotions annually, including co-op advertising campaigns that reimburse members for local efforts tied to products, such as tool kits or seasonal hardware bundles. Complementary seasonal buying groups occur via spring and fall markets in , where members access group purchasing discounts on exclusive brands, fostering affordability and volume efficiencies for independents. These efforts underscore Do It Best's commitment to developing offerings that prioritize , cost savings, and tailored support for member-owned stores.

Membership

Structure and benefits

Do It Best functions as a dealer-owned , in which independent hardware, lumber, and building materials retailers invest in equity through the purchase of common shares and receive proportional returns via annual refunds based on their purchases. Members hold stakes that entitle them to a portion of refunds in cash and the remainder in redeemable preference shares; for 2024, members received $115.6 million in cash distributions and $43.6 million in preference shares. This structure emphasizes collective buying power to support independent operations, with members required to source the majority of their goods from the to maintain eligibility. Eligibility for membership is primarily limited to U.S.-based independent retailers, including hardware stores, lumberyards, and builder supply dealers, excluding those affiliated with corporate chains; applicants must comply with the cooperative's bylaws, pay an initial fee of $8,500 (including $1,000 for 20 voting common shares at $50 each), and for new businesses, demonstrate a minimum investment of $564,500 to $1,342,500. International affiliates are accommodated through a dedicated division, allowing select non-U.S. independents to participate under similar independent ownership criteria. Recent membership growth has been bolstered by acquisitions such as United Hardware, enhancing the cooperative's scale for existing members. Key benefits center on substantial cost savings from , which reduces merchandise costs for members by an estimated 10 to 20% compared to direct manufacturer buys, supplemented by a 2% discount on all warehouse invoices and proactive price reductions—such as $22 million in savings across over 16,000 SKUs as of 2024. Members also receive equity returns through refunds, enabling reinvestment in their businesses. Access to over 67,000 stock-keeping units (SKUs) spans core categories like hardware, , , and outdoor products, providing comprehensive inventory options without the need for individual supplier negotiations. As of 2025, the cooperative reported consolidated revenues of $4.7 billion, reflecting growth from the merger and enhanced member benefits. Governance involvement empowers members, as holders of voting common shares elect the and influence strategic decisions, including one vote per share or per unit of 20 shares, ensuring democratic control aligned with retailer interests. This participatory model reinforces the 's commitment to independent store viability, with additional perks like training programs and marketing support further amplifying operational advantages.

Global network and locations

Do It Best operates as a member-owned with over 8,000 independently owned retail locations worldwide, spanning more than 60 countries as of 2025. The majority of these members are concentrated , with thousands of stores distributed across all 50 states, providing extensive domestic coverage for hardware, , and building materials distribution. The cooperative's U.S. headquarters is located in , following a relocation in to the historic Electric Works campus, which serves as the central hub for global operations. Do It Best's international expansion began in 1979 with its first overseas member, Do it Center, marking the entry into global markets. Today, the network includes hundreds of affiliated stores in regions such as Central and , , and , with over 450 international locations contributing to the cooperative's worldwide reach. The 2024 acquisition of significantly expanded this footprint, adding more than 4,000 stores primarily in the U.S. while enhancing global outposts, particularly boosting presence in and through integrated affiliate networks operating in over 60 countries.

Leadership and governance

Executive team

Dan Starr serves as the of Do It Best, a position he has held since 2016, with a re-assumption of the CEO role in 2024 following internal leadership adjustments. Starr joined the company in 2005 as Director of and , advancing to of in 2006 and Executive and in 2012. His tenure emphasizes and advocacy for independent retailers, drawing from his prior experience as a partner in a Midwestern specializing in business transactions, mergers, acquisitions, and tax matters. Supporting Starr in steering daily operations and strategy are several key executives as of 2025. Nick Talarico acts as President of Do It Best, overseeing core operational functions following the 2024 True Value acquisition. Doug Roth serves as of Finance and , managing financial strategy and reporting. Jason Stofleth holds the role of of , directing product sourcing and assortment strategies. Gary Furst is of and , handling , legal affairs, and . Under the current executive team's leadership, Do It Best has navigated the 2024 integration of assets, creating the largest network of independent retailers and earning the Association for Corporate Growth's 2024 Deal of the Year Award for . This period also saw membership growth and post-pandemic recovery, with consolidated revenues reaching $4.7 billion in 2025, a 6.1% increase from the prior year.

Board and organizational structure

Do It Best operates under a member-owned governance framework, where the serves as the primary decision-making body, ensuring democratic control by independent hardware and lumber retailers. The board consists of 12 directors, each elected by member-owners and representing diverse regions across the , such as , , , and , to reflect the cooperative's nationwide network. As of 2025, the board is led by Chairman David Sturdivant (), Vice Chairman Rob Gardiner (Maine), Treasurer Jason Blair (Washington), and Secretary Bob Vaughan (). Directors serve three-year terms and are elected or re-elected through a process involving nominations and voting by member-owners at the cooperative's shareholders meeting, typically held during the Fall Market convention, fostering direct member involvement in selection. This structure emphasizes collective governance, with the board focusing on , policy approval for initiatives like acquisitions, and oversight of the executive team, including the CEO. The organizational hierarchy aligns with the cooperative model, featuring member assemblies at annual conventions where shareholders vote on critical matters such as rebate distributions and business expansions, reinforcing member-driven priorities over hierarchical control. Transparency is prioritized through publicly available annual reports that outline financial performance, board activities, and patronage-based equity returns, with rebates allocated proportionally to members' purchases to support reinvestment in their operations.

References

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