Magnet Source

Magnet Source Market Overview

Magnet Source, a brand of Master Magnetics Inc. owned by private equity firm Factor89 Group, generated in-store revenue growth of 5.4% over its tracked period from January through August 2026, according to Grips Intelligence data. The brand maintains a dominant presence on Ace Hardware's platform with a 72% revenue share compared to Menards' 28%, with an average product price of $8.24 across channels. Pricing showed upward momentum, increasing 2.0% overall during the period, while the most recent monthly data indicated a 5.9% revenue surge driven by consistent demand across both retail partners. Top-performing SKUs ranged from lower-priced posting magnets at $3.99 to premium retrieving magnets at $16.16, demonstrating the brand's ability to serve diverse customer segments and applications.