• Canadian farm and ranch retailers combine to total 89 stores

    • Share:
    July 19, 2016
    Canadian farm and ranch retailers combine to total 89 stores

    Peavey Industries LP of Red Deer, Alberta announced today that they have acquired a controlling interest in TSC Stores of LP of London, Ontario from Birch Hill Equity Partners.

    The investment in TSC includes a transition period which will allow Peavey to acquire 100% ownership in TSC. During the transition period Birch Hill will remain a minority stakeholder in TSC Stores LP. 

    "While the two companies will continue to operate as separate entities and under separate banners, we are excited about the opportunity to work closely together to maximize the operations of both companies," remarks Doug Anderson, President and CEO of Peavey.

    Anderson continues in his Peavey Industries role, and is appointed Executive Chairman of TSC. Darryl Jenkins continues on as President of TSC and oversees the day to day operations and leadership of TSC.

    "We expect there to be many ways the two companies will work together, as we share the same target customers. Our goal will be to find ways to improve the businesses through scale and working with our external partners" says Jenkins.

    Both companies carry a unique blend of product offerings and a mix of products from basic hardware, tools, work wear, and farm supplies, to plumbing, heating and electrical, pet food, feed, lawn & garden. amd everything needed for the down to earth country lifestyle. The two companies combined will have a presence from BC to Ontario.

    About Peavey Mart
    Peavey Mart has operated in Western Canada since 1967 (originally known as National Farmway Stores from 1967-1975), and is 100% Canadian owned. Located in Red Deer, Alberta the corporate chain includes 34 Peavey Mart stores and 2 MainStreet Hardware locations. New Peavey Mart and MainStreet locations will be opening in 2016.

    About TSC Stores
    TSC Stores is a Canadian owned and operated retailer, operating in Ontario and Manitoba. TSC is celebrating 50 years in business this year. There are 51 corporate stores, and the company has its head office in London, Ontario.

     
    Contact:
    Alan Flowers, Marketing Manager
    403 346 8991 ext. 223