CNRG Acquires Marvin’s
Natchez, Miss.—Central Network Retail Group, LLC announced the acquisition of Marvin’s, LLC of Leeds, Ala. in a press release Monday. Marvin’s operates 28 home center stores throughout Alabama, Mississippi, Georgia, and Tennessee with one under construction to open in October. The stores sell a full assortment of lumber, hardware, plumbing, electrical, tools, paint, and lawn and garden supplies serving both DIY and Pro customers.
Boyden Moore, president of CNRG, said he had always hoped to bring Marvin’s into the CNRG fold. Moore was CEO of Marvin’s from 2003 to 2010. His first job out of college was as a staff accountant at Marvin’s, so he said he has long had a love for the brand. “Marvin’s is a very special brand and team of associates to me. I am especially proud to have the opportunity to add to the great history and growth of the company as a key brand at CNRG.” Moore said he’s excited to share what he has learned from other CNRG brands with Marvin’s. “Each of (the CNRG) businesses is different. We’ve learned a lot from all these different experiences. There’s certainly lessons I’ve learned that I’m excited about sharing with Marvin’s.”
“We couldn’t be more excited about the addition of Marvin’s to our portfolio of stores and brands,” said Jimmy R. Smith, chairman of CNRG. “Marvin’s fits perfectly in our geography of stores giving us a stronger position in the southeast.”
CNRG acquired LumberJack Building Centers in early June.
CNRG currently operates more than 80 home centers, hardware stores, and lumberyards in ten states under 14 different brands. CNRG was formed in 2011, by Jimmy R. Smith, president of Home Hardware and Boyden Moore, president of Tyndale Advisors. The company is building a multi-format, multi-brand operating company through strategic partnerships and acquisitions.