M&A Deal Summary

Mid-Island Consumer Services Co-operative Acquires Alcanna - Eight Liquor Stores

On October 30, 2020, Mid-Island Consumer Services Co-operative acquired retailer Alcanna - Eight Liquor Stores from Alcanna for 21M CAD

Acquisition Highlights
  • This is Mid-Island Consumer Services Co-operative’s 1st transaction in the Retail sector.
  • This is Mid-Island Consumer Services Co-operative’s largest (disclosed) transaction.
  • This is Mid-Island Consumer Services Co-operative’s 1st transaction in Canada.
  • This is Mid-Island Consumer Services Co-operative’s 1st transaction in Alberta.

M&A Deal Summary

Date 2020-10-30
Target Alcanna - Eight Liquor Stores
Sector Retail
Buyer(s) Mid-Island Consumer Services Co-operative
Sellers(s) Alcanna
Deal Type Divestiture
Deal Value 21M CAD

Target

Alcanna - Eight Liquor Stores

Edmonton, Alberta, Canada
Alcanna Inc. - Eight convenience-format liquor stores on Vancouver Island, British Columbia.

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Buyer(S) 1

Buyer

Mid-Island Consumer Services Co-operative

Nanaimo, British Columbia, Canada

Category Company
Founded 1959
Sector Retail
DESCRIPTION

Mid-Island Consumer Services Co-operative is an alternative way to provide themselves with goods and services. Mid-Island currently has more than 51,000 members throughout the territory, spanning from North Cowichan to Sayward.


DEAL STATS #
Overall 1 of 1
Sector (Retail) 1 of 1
Type (Divestiture) 1 of 1
State (Alberta) 1 of 1
Country (Canada) 1 of 1
Year (2020) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Alcanna

Edmonton, Alberta, Canada

Category Company
Founded 2004
Sector Beverages
Employees2,264
Revenue 680M CAD (2020)
DESCRIPTION

Alcanna is one of the largest private-sector retailers of alcohol in North America and the largest in Canada by the number of stores operating 171 locations in Alberta and British Columbia. Alcanna was founded in 2004 and is based in Edmonton, Canada.


DEAL STATS #
Overall 2 of 2
Sector (Retail) 1 of 1
Type (Divestiture) 2 of 2
State (Alberta) 1 of 1
Country (Canada) 1 of 1
Year (2020) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-20 Liquor Barn

Louisville, Kentucky, United States

Liquor Barn is a Kentucky-based spirit, beer, and wine retailer locally owned and operated retail chain of spirits, beer, wine, and party goods in the Commonwealth of Kentucky. Liquor Barn has 15 retail locations in Kentucky, including six locations in Louisville, six locations in Lexington, as well as stores in Danville, Bowling Green, and Elizabethtown. The stores range in size from 2,700 square feet to 30,000 square feet, with a flagship store that is more than 44,000 square feet. Liquor Barn is based in Louisville, Kentucky.

Sell -