Editing True Value (section)

{{Short description|American wholesaler}}
{{for|the statistical concept|True value}}
{{Use American English|date=February 2023}}
{{Use mdy dates|date=February 2023}}
{{Infobox company
| name             = True Value Company, L.L.C.
| trade_name       = True Value
| logo             = True Value logo.svg
| type             = Subsidiary
| owner            = [[Do It Best]]
| foundation       = [[Chicago]], [[Illinois]], [[United States|U.S.]] ({{Start date and age|1948}}, as Cotter & Company)
| founder          = John Cotter
| location_city    = [[Chicago]], [[Illinois]]
| location_country = [[United States|U.S.]]
| key_people       = Dan Starr ([[CEO]])<ref name="TVC">{{cite web |last1=staff |title=Meet The Team – True Value Company |url=https://truevaluecompany.com/meet-the-team |website=truevaluecompany.com |access-date=2 December 2024}}</ref>
| industry         = [[Hardware store]]s
| products         = {{unbulleted list|Home improvement products|[[Home appliance]]s|[[tool]]s|[[household hardware]]|[[lumber]]|[[building materials]]|paint|plumbing|[[equipment rental]]}}
| revenue          = {{decrease}} {{US$|1.488 billion|link=yes}} (2017)<ref name="xbrlus_1">{{cite web |url = http://www.truevaluecompany.com/Portals/0/PDFs%20and%20Reports/2017-TV-Annual-Financial-Report.pdf|title = 2017 Annual Financial Report |website=Truevaluecompany.com|date   =March 2, 2018 |df = mdy-all }}</ref>
| operating_income = {{increase}} US$ 40.16 million (2017)
| profit           = {{increase}} US$ 24.75 million (2017)
| assets           = {{decrease}} US$ 912.88 million (2017)
| equity           = {{decrease}} US$ 160.4 million (2017)
| num_employees    = 2,500 (2019)<ref>{{Cite web|url=http://forbes.com/companies/true-value/?list=best-midsize-employers/#52adf983b1b3.|title = True Value|website = [[Forbes]]}}</ref>
| num_locations    = 4,500+ (60 countries)<ref name="auto">{{Cite web|url=https://www.truevaluecompany.com/|title=True Value Company > Home|website=Truevaluecompany.com|access-date=April 9, 2020}}</ref>
| homepage         = {{URL|truevalue.com}}
}}
The '''True Value Company''' is an American wholesaler and [[Hardware store]] brand.<ref name="Valinsky">{{cite news |last1=Valinsky |first1=Jordan |title=True Value declares bankruptcy and sells itself to a hardware rival|url=https://www.cnn.com/2024/10/14/business/true-value-bankruptcy/index.html |access-date=17 October 2024 |work=CNN |date=14 October 2024 |language=en}}</ref> The corporate headquarters are located in [[Chicago]].<ref name="Shipe">{{cite news |last1=Shipe |first1=Caitlynn |title=Do it Best makes bid to obtain Chicago-based True Value |url=https://www.wfft.com/news/local/do-it-best-makes-bid-to-obtain-chicago-based-true-value/article_bf43a29e-8a59-11ef-b885-d38ca1c2ece5.html |access-date=17 October 2024 |work=FOX 55 Fort Wayne |date=14 October 2024 |language=en}}</ref>

Historically True Value was a [[cooperative]] owned by retailers,<ref name="Unglesbee">{{Cite web|last=Unglesbee|first=Ben|url=https://www.retaildive.com/news/true-value-announces-buyout-deal-with-private-equity-firm/519414/|title=True Value announces buyout deal with private equity firm|website=Retail Dive|language=en-US|access-date=October 22, 2019}}</ref> but in 2018 it was purchased by [[ACON Investments]].<ref name=":0">{{Cite web|last=Dorbian|first=Iris|url=https://www.pehub.com/2018/03/acon-investments-invest-hardware-retailer-true-value/|title=ACON Investments to invest in hardware retailer True Value|date=March 16, 2018|website=Pehub.com|access-date=August 11, 2019}}</ref> In October 2024, True Value filed for bankruptcy and competitor [[Do It Best]] agreed to purchase the company.<ref name="Valinsky"/> The purchase was completed in November 2024.<ref name="Connection">{{cite web |last1=Connection |first1=The Hardware |title=Do it Best Finalizes True Value Acquisition, Creating Largest Network of Independent Home Improvement Stores |url=https://thehardwareconnection.com/do-it-best-finalizes-true-value-acquisition-creating-largest-network-of-independent-home-improvement-stores/ |website=The Hardware Connection |access-date=2 December 2024 |date=22 November 2024}}</ref> The independent retailers True Value supplied, branded as "True Value", are not part of the bankruptcy and will continue operating.<ref name="Valinsky"/>