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Do it Best was named the recipient of the Association for Corporate Growth (ACG) 2024 Deal of the Year Award (Large Cap) for the state of Indiana. The Deal of the Year Awards recognize the most impactful and well-executed transactions in the state, and Do it Best’s award recognizes the company’s successful acquisition of True Value Company.
The acquisition, which closed in November 2024, involved the purchase of substantially all of the assets and operations of True Value. The deal was executed under Section 363 of the Bankruptcy Code, preserved nearly 2,000 jobs, maintained the brand identity of over 4,500 True Value retail stores worldwide and allowed independent retailers to continue sourcing products from their trusted supplier.
“This recognition by ACG was a testament to the dedication and hard work of our entire team, along with our strategic partners, who navigated a complex and challenging acquisition process,” says Dan Starr, the company’s CEO. “This deal was a win for the Do it Best and True Value teams and for the thousands of independent retailers who rely on our products and services.”
Follow all the True Value bankruptcy news here.
