CNRG acquires Everson’s Hardware
Deborah and Tracy Everson, owners of Everson’s Hardware in Waconia, Minnesota, have agreed to sell their business and operating assets to Central Network Retail Group, LLC (CNRG), a multi-format, multi-brand retailer currently operating 143 hardware stores, home centers and lumber yards in 16 states.
Everson’s Hardware will be rebranded and operate as part of CNRG’s Frattallone’s Hardware & Garden brand, said CNRG.
Frattallone’s Hardware & Garden, headquartered in Arden Hills, Minnesota, operates 22 stores throughout the Twin Cities 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,” said Everson.
“Frattallone’s is a strong brand with an excellent reputation. They can provide products, services, and high-quality customer service for Waconia both now and into the future,” said Everson. “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 and service, grilling, and paint as well as an expanded garden center.
“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, senior vice president at CNRG.
“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,” said Sieggreen.