Central Network Retail Group (CNRG) announced the acquisition of the business and operating assets of Waconia, Minn.-based Everson’s Hardware. CNRG is a multi-format, multi-brand retailer with 143 hardware stores, home centers, and lumberyards in 16 states.
“We couldn’t be happier for this opportunity to build upon the foundation that the Eversons have built, and we look forward to expanding the store’s product and service offerings going forward. We are proud to add all Everson’s team members to the Frattallone’s team,” said Mike Frattallone, CNRG senior vice president.
As part of the acquisition, Everson’s Hardware will be rebranded and operate as part of CNRG’s Frattallone’s Hardware & Garden brand. Arden Hills, Minn.-based Frattallone’s Hardware & Garden operates 22 stores throughout the Twin Cities in Minnesota and surrounding areas.
“After 56 years in business, we are excited to pass the store on to an organization with local leadership and long-standing ties to the local market. Frattallone’s is a strong brand with an excellent reputation. They are able to provide products, services, and high-quality customer service for Waconia both now and into the future,” Everson co-owners Deborah and Tracy Everson said in a prepared statement. “We are excited for their vision and look forward to seeing the store grow.”
The new store in Waconia will offer a full assortment of hardware, plumbing, electrical, outdoor power equipment sales & service, grilling, and paint as well as an expanded garden center.
“CNRG is always seeking growth opportunities, both in new markets and, as is the case here, where we can add stores complementary to one of our existing brands,” said John Sieggreen, CNRG president. “Mike Frattallone and his team have been a great addition to CNRG and we will continue to look for ways to expand their footprint in the future.”
