Mountain Equipment Company is back in Canadian hands.

The iconic outdoor retailer announced on Friday, May 16, that it has been acquired by a group of Canadian investors, marking a major shift nearly four years after falling under U.S. ownership.

The new investor group is led by Tim Gu, who brings a deep background in Canadian retail. Gu is Chairman of Unisync Corp, as well as an investor in Canadian brands Tilley and Roots.

乌鸦传媒淢EC represents the best of the Canadian spirit 乌鸦传媒� adventure, resilience, and community,乌鸦传媒� Gu said in a press release. 乌鸦传媒淎s a lifelong believer in Canadian manufacturing and innovation, we will ensure that MEC remains an essential part of Canada乌鸦传媒檚 outdoor culture for generations to come.乌鸦传媒�

Other Canadian investors joining Gu in the ownership group include MEC乌鸦传媒檚 CEO Peter Hlynsky, as well as chief merchandising officer Chris Speyer. Both are longtime MEC members, making this a partial management buyout.

乌鸦传媒淭here has never been a better time to celebrate being Canadian,乌鸦传媒� Hlynsky said. 乌鸦传媒淭oday marks the beginning of MEC乌鸦传媒檚 next chapter, grounded in the values that built MEC from the start. MEC being back in Canadian hands means we are more committed than ever to equipping Canadians for all trails ahead.乌鸦传媒�

In 2020, MEC 乌鸦传媒� then operating as a co-op 乌鸦传媒� was acquired by California-based Kingswood Capital Management and converted into a private retailer. 

Founded in Vancouver in 1971, MEC grew into a staple of Canadian outdoor culture, known for its climbing, hiking, camping, and paddling gear.

MEC currently operates five stores in British Columbia 乌鸦传媒� in Victoria, Langley, Kelowna, North Vancouver, and Vancouver 乌鸦传媒� and 24 stores nationwide.

As of press time, management at the Victoria location was unable to comment on the acquisition.

The return to Canadian ownership comes amid a wave of domestic retail consolidation. On Thursday, Canadian Tire announced it had purchased the Hudson乌鸦传媒檚 Bay Company brand, highlighting a broader trend of Canadian companies reclaiming legacy retail institutions.