MEC Returns To Canadian Ownership
MEC’s CEO Peter Hlynsky shared out some exciting news today, effective today a Canadian investment group will become the majority owners of MEC…
“At a time of uncertainty in the world, this piece of the puzzle falling into place feels like perfect timing. We are proud of our uniquely Canadian heritage at MEC; this moment sets the stage for our next fifty years together.
As a Canadian, a long time member of MEC, and now, as its CEO, I believe there’s no other retailer like us. We’ve made it our mission to equip you for a lifetime on the trails. MEC has been uniquely defined by our members and community, and you continue to play an important role in shaping our future. The MEC experience will continue to evolve alongside your needs, buoyed by expertise you can trust.
I am delighted to share the Canadian ownership news with you first. I look forward to seeing you out there.
For all the trails ahead,”
This transaction shifts MEC's ownership to a group of Canadian investors with domain expertise, a deep belief in MEC's purpose and a long-term vision for the business.
The new investor group is led by Tim Gu, who brings a deep background in Canadian retail, manufacturing, and investment. Tim is Chairman of Unisync Corp. (TSX: UNI), a publicly traded Canadian uniform and workwear company, as well as an investor in Canadian heritage brands including Tilley and Roots. He founded and operates E.star International Inc, a Toronto-based apparel manufacturing facility established in 1999, which supports Canadian jobs and champions "Made in Canada" production — values that closely align with MEC's heritage and mission.
“MEC represents the best of Canadian spirit — adventure, resilience, and community. As a lifelong believer in Canadian manufacturing and innovation, I’m proud to join MEC’s journey. Together, we’ll strengthen its foundation, expand its reach, and ensure that MEC remains an essential part of Canada’s outdoor culture for generations to come.”
Partnering with Tim strengthens MEC's ability to reinvest in domestic manufacturing and enhance the authenticity, quality, and innovation of the MEC Label product line.
Other Canadian investors joining Gu in the ownership group include MEC's Chief Executive Officer, Peter Hlynsky, as well as Chief Merchandising Officer Chris Speyer, both longtime MEC members, making this a partial management buyout. This underscores how much MEC's leadership believes in the future of the company.
The sale has been in the works for months, and the timing aligns perfectly with the interests of Canadian consumers.
