Westlake Ace Hardware Acquires Breed & Co.

Westlake Ace Hardware will acquire Breed & Co Ace Hardware, a family-owned business in Austin, Texas

Westlake Ace Hardware announced today that it has agreed to acquire four stores from Breed & Co. Ace Hardware, a family-owned retailer based in Austin, Texas. The acquisition will be completed on September 30, 2024.

Westlake Ace will acquire all three Breed & Co. Ace locations in Austin (718 W. 29th St., 3663 Bee Cave Rd., 166 Hargraves Dr.) and Spicewood Ace Hardware (20700 State Highway 71 West). The Breed & Co. stores will retain their branding, and the Spicewood store will be rebranded as Westlake Ace. All stores will keep current management and personnel.

“We are excited for our employees and customers that Westlake Ace is acquiring our stores. They are excellent retailers that understand what we have built here. But most importantly, their core values closely align with ours,” said Dave Barker, owner and CEO of Breed and Company. “I’m confident they will continue our long legacy of superior customer service and community engagement.”

“For more than 50 years, Breed & Co. has offered Austin homeowners quality hardware and fine specialty products in a convenient and welcoming shopping environment. Their business model is exemplary, particularly in the way they take care of their employees and customers,” said Joe Jeffries, president and CEO of Ace Retail Holdings, the parent company of Westlake Ace Hardware. “It will be an honor to continue their tradition of excellence and show our new friends, neighbors, and customers we live the Ace Helpful Promise every day.”

About Breed & Co.

Breed & Co. was founded in 1970 by Truman Breed after he purchased a small hardware store near The University of Texas campus. He eventually added another location and began offering – in addition to traditional hardware products – a wide range of upscale houseware, fine tableware, and kitchenware. Dave and Mahin Barker, owners of Spicewood Ace Hardware, bought the chain in 2015. They closely associated Breed & Co. with the Ace brand and added a third location (Belterra). In 2022, the Barkers opened a traditional Ace Hardware store in North Austin (13450 Research Blvd. #240). They will retain ownership of the North Austin location after the acquisition of the Breed & Co. and Spicewood stores is finalized.

Contact:

Tom Mentzer – Media Contact – tmentzer@mprg.biz – (913) 626-9066

Source: Westlake Hardware, Inc.