Sale to be completed in November
Westlake Ace Hardware announced Wednesday that it has agreed to acquire Olson’s Ace Hardware in Parsons and Coffeyville.
Ace Hardware is located at 200 N. 18th in Parsons and at 1318 W. Eighth St. in Coffeyville.
The acquisition will be completed on Nov. 2. Following the acquisition, the stores will be rebranded as Westlake Ace Hardware and remodeled later in 2026. The terms of the sale ensure a smooth transition, with the majority of current employees being retained and minimal disruption in dayto- day operations, according to a release on the acquisition.
The Parsons store has 19 associates and the Coffeyville store employs 21 associates. Westlake has no plans at this time to change staffing levels, according to Thomas M. Mentzer, public relations counsel/principal of Mentzer PR Group, responding to a question directed to Westlake.
Charlie and Rosie Olson founded Olson’s Ace Hardware in 1956 in Parsons. Ben and Beth Ryan purchased the business in 2007. In 2019, Olson’s Ace added a second location in Coffeyville.
“Throughout our history, providing outstanding customer service has always been at the heart of what we do,” said Ben and Beth Ryan in a prepared statement. “We make sure that every customer is taken care of, and our employees are the number one reason for that.”
They added, “Westlake Ace Hardware is the best choice for the next phase of Olson’s Ace because they will not only take care of our employees, but under their ownership, the stores will continue to prosper and make a meaningful impact on the communities we serve.”
“For nearly 70 years, Olson’s Ace has delivered the highest levels of product knowledge and service to their customers in Coffeyville and Parsons,” said Joe Jeffries, president and CEO of Ace Retail Holdings, the parent company of Westlake Ace Hardware. “It is an honor to continue that tradition. We are also eager to meet our new friends, neighbors, and customers and show them how we live the Ace Helpful Promise every day through world-class service, helpful advice, and the leading products they need to get their projects done right.”
Westlake Ace Hardware has been in business for 120 years. Westlake Ace has been part of the Ace Hardware Cooperative since 1959. From its headquarters in the Kansas City area, the company currently owns and operates more than 175 stores in 13 states. Westlake Ace is a wholly-owned subsidiary of Ace Retail Holdings. A division of Ace Hardware Corporation, Ace Retail Holdings currently owns and operates more than 250 Ace Hardware stores nationwide under the Buikema’s Ace, Dennis Company Ace, Great Lakes Ace, Westlake Ace, Breed & Co. Ace and Outer Banks Ace brands.
