Sycamore Partners Acquires Lowe's Canadian Retail Business (RONA inc.)
February 3, 2023
Sycamore Partners has completed the acquisition of Lowe's Canadian retail business, which will operate as RONA inc., headquartered in Boucherville, Quebec. The business operates or services approximately 450 corporate and affiliated stores under banners including RONA, Lowe's, Réno-Dépôt and Dick's Lumber and employs roughly 26,000 people across Canada.
- Buyers
- Sycamore Partners
- Targets
- RONA inc. (Lowe's Canadian retail business)
- Sellers
- Lowe's Companies, Inc.
- Industry
- Retail
- Location
- Quebec, Canada
- Transaction Type
- Buyout
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