Sycamore Partners has acquired Lowe’s Canadian retail operations, rebranding it as RONA inc., aiming to leverage its expertise to enhance the brand's profitability and market presence.

Information on the Target

RONA inc., headquartered in Boucherville, Québec, is one of Canada's foremost home improvement retailers. The company operates approximately 450 corporate and independent affiliate dealer stores under various brands, including RONA, Lowe’s, Réno-Dépôt, and Dick's Lumber. Established in 1939, RONA has a longstanding legacy in providing Canadians with the products and services needed for home improvement and construction ventures. With a dedicated workforce of 26,000 employees, RONA prioritizes inclusivity and engagement within its workforce.

Having consistently evolved to meet the changing needs of its customers, RONA is also recognized for its commitment to sustainable development, receiving accolades such as the Stratégie de développement durable Mercure in 2022 and being named one of Canada's Greenest Employers. This commitment enhances its reputation and positions the company favorably within the Canadian retail landscape.

Industry Overview in Canada

The home improvement retail sector in Canada has shown consistent growth, attributed to a strong housing market and increased consumer interest in DIY projects. Canadians are dedicating more time and resources towards home renovations an