M&A Deal Summary

Lowe s Acquires RONA

On February 3, 2016, Lowe s acquired retailer RONA for 3.2B CAD

Acquisition Highlights
  • This is Lowe s’ 4th transaction in the Retail sector.
  • This is Lowe s’ 0th largest (disclosed) transaction.
  • This is Lowe s’ 1st transaction in Canada.
  • This is Lowe s’ 1st transaction in Quebec.
Investment Fate
  • RONA was divested to a consortium of buyers in 2023.

M&A Deal Summary
Date 2016-02-03
Target RONA
Sector Retail
Buyer(s) Lowe s
Deal Type Add-on Acquisition
Deal Value 3.2B CAD
Advisor(s) Scotia Capital, Inc. (Scotiabank - Global Banking and Markets) (Financial)
Norton Rose Fulbright (Legal)

Target

RONA

Boucherville, Quebec, Canada
RONA is a retailer and distributor of hardware, building materials and home renovation products. RONA was founded in 1939 and is based in Boucherville, Quebec.

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Buyer(S) 1

Buyer

Lowe s

Mooresville, North Carolina, United States
Category Company
Founded 1921
Sector Retail
Employees300,000
Revenue 86.4B USD (2024)
DESCRIPTION
Entrance to Lowe's Companies' corporate headquarters in Mooresville, North Carolina.
Entrance to Lowe's Companies' corporate headquarters in Mooresville, North Carolina.

Lowe's is a home improvement retailer with more than 1,800 locations across the US, Canada, and Mexico. Lowe's was formed in 1921 and is based in Mooresville, North Carolina.

DEAL STATS #
Overall 5 of 8
Sector (Retail) 4 of 4
Type (Add-on Acquisition) 3 of 5
State (Quebec) 1 of 1
Country (Canada) 1 of 1
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-20 Orchard Supply Hardware Stores

San Jose, California, United States

Orchard Supply Hardware Stores Corp., a chain of high volume, high service retail hardware stores located in California.

Buy $205M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-18 Maintenance Supply Headquarters

Houston, Texas, United States

Maintenance Supply Headquarters is a distributor of appliance, plumbing, HVAC, lighting, hardware, electrical and other products for maintaining and renovating multifamily properties, as well as services such as renovation project support, custom fabrication and educational classes. Maintenance Supply Headquarters was founded in 2006 and is based in Houston, Texas.

Buy $512M
Mergr

Product

Company

Legal