Ace Hardware Corporation – Member Profile

Corporate NIHAA Member

About Ace Hardware Corporation

Ace Hardware Corporation is an American hardware retailers’ cooperative based in Oak Brook, Illinois, United States. It is the world’s largest hardware retail cooperative, and the largest non-grocery American retail cooperative. Founded in 1924 as “Ace Stores”, the company changed its name to “Ace Hardware Corporation” in 1931. It grew dramatically following World War II, more than tripling its sales between the late 1940s and 1959. After the retirement of longtime president and founder Richard Hesse in 1973, Ace was sold to its retailers, becoming a retailer-owned cooperative. 

It first reached $1 billion in wholesale sales in 1985 and $5 billion in 2015. As of 2019, it has over 5,200 locations in 60 countries. Ace operates 17 distribution centers in the United States, and additional distribution facilities in China, Panama, and the United Arab Emirates.

Ace Hardware Corporation

Type Retailers’ cooperative, Private
Industry Hardware stores
Founded Chicago, Illinois, U.S. (1924; 97 years ago)
  • Richard Hesse
  • E. Gunnard Lindquist
  • Frank Burke
  • Oscar Fisher
  • William Stauber
Headquarters Oak Brook, Illinois, U.S.
Number of locations Over 5,200 (2019)[1]
Area served International[2]
Key people John Venhuizen (president and CEO); Jim Ackroyd (chairman of the board)
Revenue 11px-Increase2.svg.png.webpUS$ 5.125 billion (2016)
Operating income 11px-Increase2.svg.png.webpUS$ 170.3 million (2016)
Net income 11px-Increase2.svg.png.webpUS$ 161.2 million (2016)
Total assets 11px-Increase2.svg.png.webpUS$ 1.729 billion (2016)
Total equity 11px-Increase2.svg.png.webpUS$ 533.3 million (2016)
Number of employees 7,577 (2019)[2][3]
Website (Indonesia)