True Value hardware co-op bought by private equity firm

[retailisking]

The cooperative will become a wholesaler for its dealers, who will give up their equity stake for a cash payout
https://www.retaildive.com/news/private-equity-snaps-up-true-value/521913/

[TheFugitive]

Long term this probably puts them on the same path to destruction as Toys R Us.
Equity firms just aren't that patient about getting their ROI these days.