Do It Best initially took it slow with integrating True Value after they acquired them out of bankruptcy in the fall of 2024. They ran Do It Best and True Vale as two separate companies.

Now that they have some time together under their belt, the pace of integration has dramatically increased. Do It Best hired a new COO in May to focus on the integration, then they announced the closure last month of True Value’s headquarters in Chicago.

Following-up on that, they just announced a date for when True Value HQ will close and it will consolidate into Do It Best’s HQ in Fort Wayne. The last day for all intents and purposes will be on October 9th.

From Day 1, we have been clear that integration will make us a stronger, more efficient company. Aligning around one headquarters is an important part of reducing operational costs, eliminating duplication and creating a simpler way of working across the company. It will also allow our teams to collaborate more closely, make decisions faster and focus more of our resources on the programs, products and innovations that help independent businesses compete and grow. We recognize the personal impact this transition has on many of our Chicago-based associates, and we are deeply grateful for the professionalism, expertise and commitment they have demonstrated throughout this process.

Nick Talarico, COO of Do It Best

With the closure, about 20% of the employees at the current True Value HQ will start working out of the consolidated HQ in Fort Wayne.

That’s not the only True Value consolidation news this week. Do It Best filed a WARN notice in Oregon that they’ll be closing the Springfield distribution center, which will displace 62 workers at the facility. The closure will commence on October 3rd and will continue through the end of the year.

I would expect more real estate consolidation in the future. Do It Best should be optimizing their distribution and support footprint and there’s likely quite a bit of overlap with what they purchased in True Value.