Fort Wayne, Ind.-based Do it Best Corp. entered a joint venture with Nation’s Best Holdings, a family of 10 locally-branded home improvement stores operated across three states. Nation’s Best Holdings is operated by Do it Best member-owner Chris Miller.
“In the highly competitive home improvement business environment, growth is an absolute imperative,” Do it Best president and CEO Dan Starr said in a news release. “We are committed to fueling growth in ways that drive sales today and position the cooperative for sustained growth over the long term. To continue that momentum, Do it Best entered into a joint venture with Nation’s Best Holdings.”
The investment in Nation’s Best Holdings aligns co-op Do it Best with a retailer committed to building a nationwide network of independent stores. At Nation’s Best Holdings, Miller is focused on building a premier hardlines and LBM business by acquiring outstanding hardware and lumber businesses throughout the United States, regardless of current wholesaler affiliation.
“This is the right move for us as we work to solidify our position as the only full-serve wholesale distributor,” Starr said. “As the opportunity developed, we received unanimous and enthusiastic support from the Do it Best board of directors.”
Do it Best Corp. is a U.S.-based, member-owned comprehensive and fully-integrated hardware and LBM buying cooperative. The co-op serves thousands of member-owned locations, including Nation’s Best Holdings, across the United States and has annual sales nearing $4 billion. Nation’s Best’s portfolio includes Groom & Sons’ Home Center in Texas, Hometown Building Centers in Texas, Lambert Lumber in Oklahoma, and Hall’s Hardware in Florida.
