What Companies are Owned by Harbor Freight?

Harbor Freight is a well-known American retailer that specializes in selling discount tools and equipment.

Over the years, they have made a name for themselves by offering affordable prices on high-quality products.

While many people are familiar with the Harbor Freight brand, not everyone knows exactly what companies they own.

Who Owns Harbor Freight?

Harbor Freight is owned by Eric Smidt, the company’s founder and CEO.

Smidt opened his first store in California in 1977, growing it into a multi-billion dollar enterprise with over 1000 locations throughout the US.

In addition to being the Chairman and CEO of Harbor Freight Tools, he also founded The Smidt Foundation, a philanthropic organization that provides grants to nonprofits and educational institutions.

The company’s operations and supply chain are managed by executive vice presidents Joe Moeller and Bill Kwong, both of whom have been with the company since its early days.

Harbor Freight is also home to an impressive team of advisors, including venture capitalist Bill Maris who serves as an advisor to the board of directors.

The Smidt family also owns a separate company called Powell Holdings, which invests in small businesses and real estate projects.

This business venture was founded by Eric’s father, Jerome Smidt, who also helped build Harbor Freight into what it is today.

Harbor Freight Tools is a privately held company, which means that it’s not owned by individual stockholders but rather by a limited group of investors.

Harbor Freight has grown to become one of the largest tool and equipment retailers in America, with more than 1,000 stores across the country.

So, whether you’re in the market for some new power tools or just want to satisfy your curiosity, Harbor Freight is a fascinating company to learn about.

What Companies are Owned by Harbor Freight?

It may come as a surprise to learn that Harbor Freight is the owner of several different companies, including:

1. US General

US General is a brand of tools and equipment that is owned by Harbor Freight.

These products are typically sold at discount prices, allowing customers to save money on their purchases.

US General also has an online store where shoppers can find even more savings.

As part of Harbor Freight’s ownership of US General, the company offers special discounts and promotions throughout the year.

This allows customers to get the best deals on their purchases while still being able to trust in high-quality products.

2. Central Machinery

Central Machinery is another brand of tools and equipment that is owned by Harbor Freight.

This company specializes in selling industrial-grade products, such as drill presses or metal lathes.

These products are designed to stand up to more rigorous use than standard DIY tools and can be used in a variety of applications.

Central Machinery also offers special discounts throughout the year for their products, allowing customers to save money while still getting the job done right.

3. Pittsburgh Automotive

Pittsburgh Automotive is a brand of automotive parts and tools that are owned by Harbor Freight.

This company specializes in selling items such as car jacks, lug wrenches, and other essential car care items.

Through its online store, shoppers can find a variety of items to help them keep their vehicles in top shape.

In addition, Pittsburgh Automotive offers promotions and discounts throughout the year, which helps customers save money on their car care needs.

4. Chicago Electric

Chicago Electric is another brand owned by Harbor Freight that specializes in power tools.

This company offers a wide selection of corded and cordless drills, saws, sanders, and other essential items for any DIY project.

Customers can save money on these products through the Chicago Electric online store or through special discounts and promotions available throughout the year.

When Was Harbor Freight Founded?

Harbor Freight was established in 1977 by Eric Smidt and Allan Smidt.

The company has since grown and expanded to cover over 1,000 locations all across the United States.

It is a testament to the hard work and dedication of the founders and their team that the company has continued to thrive for over four decades.

Harbor Freight’s commitment to offering affordable tools and equipment makes it a great option for DIY enthusiasts and professionals alike.

Who is the CEO of Harbor Freight?

Eric Smidt. is not only the CEO but also the owner of the company which has grown into a nationwide chain with over 1,000 stores across the United States.

With a background in retail and sales, Smidt has proven to be a skilled leader who has helped take Harbor Freight to new heights.

Despite being a private person, he is known for his philanthropic activities and dedication to giving back to the community.

What is Harbor Freight Net Worth?

Harbor Freight has a net worth of around $5 billion as of July 2024.

Such impressive figures are a testament to the company’s successful business model and its reputation for serving customers with quality products at unbeatable prices.

Harbor Freight is a popular retail company that offers quality tools and equipment at affordable prices.

The company has gained a significant following among DIY enthusiasts and professionals alike due to its mission to provide value to customers.

Since its inception in 1977, Harbor Freight has grown into a formidable force in the tooling industry, with over 1100 stores across the United States.

Where is the Headquarters of Harbor Freight?

Harbor Freight headquarters is located in Calabasas, California.

This West Coast city may not be as well-known as some other major metropolitan areas, but it’s the hub of Harbor Freight’s operations.

From this location, the company coordinates its supply chain, manages customer service, oversees product development, and much more.

So, the next time you’re shopping at one of Harbor Freight’s retail locations, just remember that it all starts in sunny Calabasas.

What is the Annual Revenue of Harbor Freight?

Annual revenue in 2024 is estimated to be around $8 billion.

A staggering number that firmly places Harbor Freight as one of the largest retailers in the country.

With an expanding customer base and a commitment to providing value to their clients, it’s no wonder that Harbor Freight has continued to thrive in such a competitive market.

Harbor Freight is a popular tool and equipment company with over 1,000 stores in the United States.

Their products cater to many different industries, from automotive to construction, and they offer exceptional quality at affordable prices.

How Many Employees Does Harbor Freight Have?

According to recent reports, Harbor Freight employs over 28,000 people throughout its stores, distribution centers, and corporate offices.

That’s a lot of hardworking individuals dedicated to providing top-notch customer service and ensuring that every customer has a positive experience.

It’s no wonder why Harbor Freight continues to be a favorite destination for tool shoppers across the country.

Harbor Freight is a well-known brand for providing quality tools and equipment for do-it-yourselfers and professionals alike.

Final Thoughts

Harbor Freight is now a parent company of many popular brands in the tool and home improvement industry.

Founded in 1977, it has evolved over decades into the largest privately held tool and equipment retailer in the United States with an estimated worth of around 5 billion US dollars.

The headquarters of Harbor Freight is located in Calabasas, California, U.S., and its annual revenue is expected to cross $8 billion in 2024.

Currently, there are about 28,000 people who are employed by the company across 700 store locations throughout the country.

With a mission to provide value to its customers and prioritize quality through dedication and hard work, Harbor Freight is undoubtedly one of the leading companies in this space that will continue to thrive over time.

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