M&A Deal Summary

Canadian Tire Acquires FGL Sports

On August 18, 2011, Canadian Tire acquired retailer FGL Sports for 797M USD

Acquisition Highlights
  • This is Canadian Tire’s 2nd transaction in the Retail sector.
  • This is Canadian Tire’s 2nd largest (disclosed) transaction.
  • This is Canadian Tire’s 2nd transaction in Canada.
  • This is Canadian Tire’s 2nd transaction in Alberta.

M&A Deal Summary
Date 2011-08-18
Target FGL Sports
Sector Retail
Buyer(s) Canadian Tire
Deal Type Add-on Acquisition
Deal Value 797M USD

Target

FGL Sports

Calgary, Alberta, Canada
website
FGL Sports Ltd. is the largest and only national sporting goods retailer in Canada.

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Buyer(S) 1

Buyer

Canadian Tire

Toronto, Ontario, Canada

website

Category Company
Founded 1922
Sector Retail
Employees13,802
Revenue 17.8B CAD (2022)
DESCRIPTION

Canadian Tire offer products and services that help Canadians live active, healthy lives and our store network and staff connect communities from coast-to-coast. Canadian Tire was incorporated in 1922 and is based in Toronto, Canada.

DEAL STATS #
Overall 2 of 4
Sector (Retail) 2 of 2
Type (Add-on Acquisition) 2 of 4
State (Alberta) 2 of 2
Country (Canada) 2 of 3
Year (2011) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-02-04 Mark s Work Wearhouse

Calgary, Alberta, Canada

Mark's Work Wearhouse Ltd. is a specialty retail organizations which specializes in work and work-related casual apparel.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-10 Padinox

Winsloe, Prince Edward Island, Canada

Padinox, Inc. the company which owns the Canadian rights to the Paderno brand. Paderno is a well-known kitchenware brand with strong roots in Canada and holds a reputation for excellence in craftsmanship and quality. This brand, coupled with Canadian Tire's strength in product development and marketing, will play a central role in Canadian Tire's new cooking innovations and expanded Kitchen assortment.

Buy -
Mergr

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