Central Network Retail Group
Central Network Retail Group operates 145 hardware stores, home centers, and lumberyards across sixteen states in the US, combining local brand strengths with large volume purchasing and professional management.
Company History
Central Network Retail Group (CNRG) was founded on May 1, 2011. The company has grown significantly since its inception, adding numerous stores, including a new store in Ripley, TN on August 1, 2011, and many more as the years progressed. Major acquisitions include Morrison Terrebonne Lumber Center joining on November 1, 2011, and Home Hardware Centers forming a new retail operations and management company with Tyndale Advisors on May 2, 2011. Notable acquisitions include Elliott's Hardware on February 9, 2012, Wake Forest Ace on November 15, 2012, and many more.
Store Expansion and Acquisitions
CNRG has strategically expanded its footprint through various acquisitions and new store openings. Significant milestones include acquiring NFL Building Center on December 19, 2011, and Elliott's Hardware on February 9, 2012. The company reopened seven former Orchard Stores in California on May 3, 2019, and acquired Frattallone's Ace Hardware in the Minneapolis area on November 19, 2021. Recent expansions include a new store in West Helena, Arkansas on May 20, 2020, and Germantown, Tennessee on June 1, 2020.
Operations and Store Formats
Operating 145 stores under eighteen brands, CNRG caters to various regions across sixteen states in the US. These stores are diversified across hardware stores, home centers, and lumberyards. The company's strategy combines the strength of local, trusted brands with the advantages of large-scale purchasing, professional management, and a commitment to growth and excellence.
Recent Acquisitions
CNRG has continued its expansion strategy with numerous recent acquisitions. This includes Everson's Hardware in Waconia, MN on February 1, 2023, and HomeFront stores in Greenwood and Winona, MS on February 7, 2022. These recent acquisitions complement prior ones such as McLendon Hardware on March 31, 2017, and Central True Value on September 30, 2016.
Support for Succession Planning
CNRG provides crucial support for companies facing succession planning or generational transfer of ownership challenges. This commitment is part of their broader strategy to ensure sustainable, profitable growth while assisting companies in navigating pivotal transition periods.