Coakley Home and Hardware Becomes Employee Owned

Monday, November 9, 2026 at 4:30 AM

Coakley Home and Hardware is now owned by its employees. The business, founded in 1902, has stores in Canton and Saranac Lake. Employees completed the purchase from Bill Coakley October thirtieth, forming a cooperative with thirty worker owners. The Cooperative Development Institute helped with training, governance and financing resources. Coakley, who began planning for retirement […]

Coakley Home and Hardware is now owned by its employees. The business, founded in 1902, has stores in Canton and Saranac Lake. Employees completed the purchase from Bill Coakley October thirtieth, forming a cooperative with thirty worker owners. The Cooperative Development Institute helped with training, governance and financing resources. Coakley, who began planning for retirement two years ago, will stay on as a consultant. The business employs more than fifty people.

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  • Coakley Home and Hardware Becomes Employee Owned

    Coakley Home and Hardware is now owned by its employees. The business, founded in 1902, has stores in Canton and Saranac Lake. Employees completed the purchase from Bill Coakley October thirtieth, forming a cooperative with thirty worker owners. The Cooperative Development Institute helped with training, governance and financing resources. Coakley, who began planning for retirement […]

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