Springfield-area Ace Hardware stores to change ownership

Ace Retail Holdings is acquiring Bishop Ace Hardware, a 13-store chain in central Illinois. Bishop Ace currently owns and operates two Ace Hardware stores in Springfield (214 N. Walnut St. and 1600 Wabash Ave.), one in Chatham (1200 North Main St.) and in in Jacksonville (900 W. Morton St.) in addition to nine other stores throughout central Illinois.

click to enlarge Springfield-area Ace Hardware stores to change ownership
The Ace Hardware store at 214 N. Walnut St. in Springfield is one of 13 central Illinois locations that Bishop Ace Hardware is selling to Ace Retail Holdings.

Bishop Ace Hardware owners Lucy Stafford and George Preckwinkle like to say they were literally born into the hardware business after their parents founded the business in 1960 in Springfield, beginning with one small, local hardware store.

“Our partnership with the Ace brand goes back to 1960. While carrying the Ace brand, the family grew Bishop Hardware from one to 13 stores,” said Preckwinkle. “We’ve always been eager to adopt new Ace programs, product lines and technologies to help our store teammates provide the best level of service to our customers and communities.”

Stafford noted, “We’re not just selling hardware, we’re helping customers improve their lives with advice and quality products. Our connection with our customers is deeper than just sales, and Ace Retail Holdings feels the same way. As we hand over the reins, we are confident our shared values will help ensure the continuation of the high level of customer service and community involvement we have always strived for as a family business.”

According to Ace Retail Holdings, the stores will retain their Ace branding, store management, personnel and the current product mix. It is anticipated the acquisition will be completed on July 28.

Joe Jeffries, president and CEO of Ace Retail Holdings remarked, “Bishop Ace Hardware has always placed a priority on making sure that customers throughout Illinois are provided with the products, support and world-class service that is the cornerstone of the Ace brand. Their passion for the hardware business has created a tradition of excellence that is truly inspiring. It is an honor to continue their legacy.”

Headquartered in the Kansas City Area, Ace Retail Holdings is a division of Ace Hardware Corporation.

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