M&A Deal Summary

Sycamore Partners Acquires Lowe s Canadian Retail Business

On November 3, 2022, private equity firm Sycamore Partners acquired retailer Lowe s Canadian Retail Business from Lowe s for 400M USD

Acquisition Highlights
  • This is Sycamore Partners’ 8th transaction in the Retail sector.
  • This is Sycamore Partners’ 7th largest (disclosed) transaction.
  • This is Sycamore Partners’ 1st transaction in Canada.
  • This is Sycamore Partners’ 1st transaction in Quebec.

M&A Deal Summary
Date 2022-11-03
Target Lowe s Canadian Retail Business
Sector Retail
Buyer(s) Sycamore Partners
Sellers(s) Lowe s
Deal Type Divestiture
Deal Value 400M USD

Target

Lowe s Canadian Retail Business

Boucherville, Quebec, Canada
Lowe's Canadian Retail Business operates or services approximately 450 corporate and independent affiliate dealer stores in a number of complementary formats under different banners, which include RONA, Lowe's Canada, Réno-Dépôt and Dick's Lumber. Lowe's Canadian Retail Business is based in Boucherville, Quebec.

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Buyer(S) 1

Buyer

Sycamore Partners

New York, New York, United States
Category Private Equity Firm
Founded 2011
PE ASSETS 10.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Sycamore Partners is an opportunistic and operationally focused private equity firm that targets businesses and divisions in the consumer and retail sectors. The Firm looks to partner with management teams to improve the operating profitability and strategic value of their businesses. Sycamore was formed in 2011 and is based in New York City.

DEAL STATS #
Overall 23 of 26
Sector (Retail) 8 of 9
Type (Divestiture) 7 of 8
State (Quebec) 1 of 2
Country (Canada) 1 of 2
Year (2022) 2 of 2
Size (of disclosed) 7 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-30 Goddard Systems

King Of Prussia, Pennsylvania, United States

Goddard Systems owns and operates schools that provide infant care, toddler and preschool programs, pre-K/junior-K and kindergarten programs and school-age childcare services in the United States. Goddard Systems was founded in 1988 and is based in King Of Prussia, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-03 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.

Buy -

Seller(S) 1

SELLER

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 2 of 3
Sector (Retail) 1 of 2
Type (Divestiture) 2 of 3
State (Quebec) 1 of 2
Country (Canada) 1 of 2
Year (2022) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-22 Stainmaster

Kennesaw, Georgia, United States

Stainmaster is a recognized and trusted carpet brand on the market today, advancing the home improvement retailer's total home strategy. The company provides people with the ease and comfort to fully enjoy their homes through technology and innovation. Stainmaster was formed in 1986 and is based in Kennesaw, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-03 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.

Sell -
Mergr

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