Retail Acquisitions in Canada

KV Capital’s private equity team acquired UTV Canada Inc., a Canadian distributor and online retailer of aftermarket ATV/UTV parts and accessories. Following the acquisition, UTV Canada will merge with KV Capital Fund II portfolio company Mountain Sports Distribution (MSD) to expand KV Capital’s powersports distribution platform, with UTV Canada’s CEO retaining equity and joining MSD.

Lynx Equity Limited acquired Henry's: Canada's Greatest Camera Store, a Canadian family-owned specialty retailer of digital imaging and consumer electronics. Henry's will join the Lynx family as Lynx’s first acquisition of its kind, with Gillian Stein remaining as CEO following the transaction.

Westview Co-op announced it will acquire Grasse Lumber Sales to add its first Home and Building Centre location in Didsbury. The acquisition expands Westview Co-op’s retail footprint beyond its existing Home Centres in Drumheller and Hanna, and the company plans to offer continued employment to Grasse Lumber Sales staff. The deal is subject to customary closing conditions and is expected to close in late March, with financial terms not disclosed.

High Tide Inc. entered into a definitive agreement to acquire 100% of Bud Room Inc. for CAD$3.6 million, including assignment of the vendors’ shareholder loans. The deal also transfers to High Tide all rights to Bud Room’s customized Fastendr retail kiosk and smart locker technology and Bud Room’s retail cannabis store in Ottawa, Ontario.

An investor group led by Champlain Financial Corporation, alongside Desjardins Capital, Fondaction, and Société Financière Bourgie, has acquired JLD-Laguë, a Canadian John Deere equipment and Peterbilt truck dealership network operating across Quebec and Eastern Ontario. Champlain and certain prior investors reinvested as part of a continuation-fund strategy to support ongoing growth through organic initiatives and acquisitions. Financial terms were not disclosed.

Fraser Valley Building Supplies acquired two Maglio Building Centres retail locations in British Columbia, expanding its footprint in the West Kootenays. The stores were previously owned by Tony Maglio and family, and will be converted to the RONA banner with planned renovations and expanded product offerings.