Peavey Mart
Canadian chain of hardware, agricultural-supply, farm-and-ranch, and general merchandise stores.
Last updated August 24, 2026
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History
Peavey Mart traces its origins to National Farmway Stores, established in Winnipeg in 1967 under the National Grain division of the Minneapolis-based Peavey Company. The first store opened in Dawson Creek, British Columbia. In 1974, Peavey Company sold National Grain but kept the store division and renamed it Peavey Mart. The new name connected the retail operation to its agricultural and hardware heritage while distinguishing it from National Grain's former business. The chain's ownership changed during a difficult period for the wider Peavey organization. ConAgra acquired Peavey Company in 1982 and considered discontinuing Peavey Mart because of its performance. In 1984, Canadian members of management acquired the chain, including Rick Anderson, father of later chief executive Doug Anderson. The management purchase kept Peavey Mart operating as a Canadian-owned retailer and supported its subsequent regional development. For decades, the business focused primarily on Western Canada. Its stores combined farm and ranch merchandise with hardware, tools, workwear, outdoor products, pet supplies, lawn and garden goods, and general merchandise. The model was designed for communities where customers often needed both agricultural supplies and everyday hardware from the same retailer. In 2012, Peavey Industries added a smaller-format concept, MainStreet Hardware, with stores in Blackfalds, Ponoka, and Vermilion, Alberta. A major expansion came through TSC Canada. In July 2016, Peavey Industries acquired a controlling interest in TSC from Birch Hill Equity Partners. The transaction involved 51 stores and TSC's London, Ontario distribution centre. Peavey Industries completed the acquisition in 2017, growing from 34 stores concentrated largely in Western Canada to about 85 locations and adding substantial operations in Manitoba and Ontario. Manitoba TSC locations were converted to Peavey Mart in 2016; Ontario stores were rebranded in 2021. This process transformed Peavey Mart from a primarily Western Canadian chain into a retailer with a wider national footprint. In March 2020, Peavey Industries acquired the Canadian master licence for Ace Hardware from Rona, then owned by Lowe's. The licence covered 107 Ace stores. Peavey Industries continued operating the Ace network, introduced its store brands to those locations, and connected the Ace business with Peavey Mart's growing e-commerce infrastructure. The company also pursued investments in its home market, beginning construction of a new Red Deer flagship store in May 2021. Peavey Industries broadened its operating platform again in 2023 by acquiring Guy's Freightways, a Red Deer transport company that had been a Peavey Mart supplier and service provider since 1975. The move brought a long-standing logistics relationship into the wider Peavey Industries group. The chain entered a period of retrenchment in 2024 and 2025. In June 2024, Peavey Industries announced that its Ace Hardware International master licensing agreement would end at the end of the year. On January 23, 2025, the company announced 22 store closures in Ontario and Nova Scotia. Four days later, it announced plans to seek creditor protection and close all Peavey Mart and MainStreet Hardware stores across Canada. Management cited low consumer confidence, inflation, increasing operating expenses, continuing supply disruptions, and regulatory difficulties. All stores were reported closed in February 2025. The brand subsequently changed hands. In April 2025, private investment firm 2707162 Alberta Ltd. acquired Peavey Mart's brand rights and intellectual property from Peavey Industries. In August, the new owner announced plans to revive selected stores in Alberta and Saskatchewan. Four Alberta stores reportedly reopened on December 4, 2025, while seven to twelve additional stores were planned across Alberta and Saskatchewan by the end of 2026. The reopening means the brand's commercial future depends on a smaller, selectively operated network rather than the national footprint built through the TSC acquisition.
- 2025
National store network closes and the brand is sold
[1]Peavey Industries announces creditor protection and nationwide store closures; later in the year, 2707162 Alberta Ltd. acquires the brand and intellectual property.
- 2023
Guy's Freightways is acquired
[1]Peavey Industries acquires a Red Deer transportation company that had served Peavey Mart since 1975.
- 2021
Ontario TSC stores are rebranded
[1]The remaining Ontario TSC locations are converted to the Peavey Mart banner.
- 2020
Canadian Ace Hardware master licence is acquired
[1]Peavey Industries takes responsibility for the Canadian Ace Hardware network and its 107 locations.
- 2017
TSC Canada acquisition is completed
[1]The completed deal more than doubles the retail footprint to approximately 85 stores.
- 2016
Peavey Industries acquires a controlling interest in TSC Canada
[1]The transaction adds 51 stores and a distribution centre and extends the group's presence into Manitoba and Ontario.
- 2012
MainStreet Hardware concept launches
[1]Peavey Industries establishes a smaller hardware format with three Alberta locations.
- 1984
Canadian management acquires Peavey Mart
[1]Management, including Rick Anderson, purchases the chain and preserves its Canadian operation.
- 1982
ConAgra acquires Peavey Company
[1]ConAgra's acquisition of Peavey Company leads to consideration of winding down the Peavey Mart chain.
- 1974
The chain adopts the Peavey Mart name
[1]After Peavey Company sells National Grain, it retains the retail division and renames National Farmway Stores Peavey Mart.
Products and positioning
A practical, community-oriented Canadian farm, ranch, hardware, and general merchandise retailer serving rural customers, tradespeople, agricultural producers, homeowners, and outdoor enthusiasts.
Farm, ranch, and general merchandise retail · 1974
Peavey Mart farm and hardware stores
The core Peavey Mart format combined agricultural and livestock supplies with hardware, tools, workwear, outdoor merchandise, pet products, lawn and garden goods, automotive items, and household necessities. Stores were oriented toward rural communities, agricultural producers, tradespeople, homeowners, and outdoor customers. The format emphasized practical products intended for farm maintenance, property upkeep, repair work, seasonal activity, and everyday rural life.
Small-format hardware retail · 2012
MainStreet Hardware
MainStreet Hardware was a smaller store concept established by Peavey Industries in 2012. It operated in Blackfalds, Ponoka, and Vermilion, Alberta, and provided a more compact hardware-oriented format than the full Peavey Mart stores. The banner was included in Peavey Industries' nationwide closure announcement in 2025.
Hardware retail licensing network · 2020
Ace Hardware Canada network
From 2020, Peavey Industries held the Canadian master licence for Ace Hardware and serviced a network reported at 107 locations. Peavey Industries continued the Ace banner while adding its store brands and linking the operations with Peavey Mart's e-commerce capabilities. The master licensing agreement was scheduled to end at the close of 2024.
Marketing campaigns
- 2021Westerner Park Centrium naming-rights sponsorship
Red Deer · Alberta · Canada
Peavey Mart acquired naming rights to Red Deer's Westerner Park Centrium through a five-year sponsorship agreement. The venue was associated with the Peavey Mart name during the planned term of the partnership.
Outcome. The agreement lapsed after Peavey Mart ceased operations.
Brand decisions
2025
Close the national store network and seek creditor protectionStrategyBackground
Peavey Industries cited weak consumer confidence, inflation, higher operating costs, supply disruptions, and a difficult regulatory environment.
Action taken
The company announced creditor-protection proceedings and the closure of all Peavey Mart and MainStreet Hardware stores in Canada.
Aftermath
All stores were reported closed in February 2025, followed by the sale of the brand and intellectual property to 2707162 Alberta Ltd.
2025
Sell the Peavey Mart brand and intellectual propertyM&ABackground
Following Peavey Industries' creditor-protection and closure announcements, the brand's rights were separated from the former operating network.
Action taken
2707162 Alberta Ltd. acquired the Peavey Mart brand rights and intellectual property and announced a selective reopening strategy.
Aftermath
Four Alberta stores reportedly reopened in December 2025, with plans for additional locations in Alberta and Saskatchewan.
2024
End the Ace Hardware master licensing agreementStrategyBackground
Peavey Industries announced a change in its licensing relationship with Ace Hardware International.
Action taken
The company announced that the Canadian master licensing agreement would end at the close of 2024.
Aftermath
The decision preceded the retailer's 2025 restructuring and nationwide closure announcements.
2020
Take the Canadian Ace Hardware master licenceM&ABackground
Peavey Industries pursued a broader Canadian hardware platform after acquiring the master licence from Rona, then owned by Lowe's.
Action taken
Peavey Industries acquired the Canadian master licence and maintained the reported 107-store Ace network.
Aftermath
Ace locations were retained while Peavey Industries store brands and e-commerce capabilities were introduced into the network.
2016
Acquire TSC CanadaM&ABackground
Peavey Industries sought to expand beyond its predominantly Western Canadian retail base.
Action taken
It acquired a controlling interest in TSC Canada, including 51 stores and the London, Ontario distribution centre, and completed the acquisition in 2017.
Aftermath
The transaction expanded the group's presence into Manitoba and Ontario and increased its store network from 34 to approximately 85 locations.
Recent events
- 2025
Peavey Mart announces store closures in Ontario and Nova Scotia[1]
Bankruptcy · Other
The chain announced the closure of 22 stores in Ontario and Nova Scotia as part of an organizational restructuring.
- 2025
Peavey Industries seeks creditor protection and announces nationwide closures[1]
Bankruptcy
Peavey Industries announced that it would seek creditor protection and close all Peavey Mart and MainStreet Hardware stores, citing economic, operational, supply-chain, and regulatory pressures.
- 2025
Peavey Mart brand and intellectual property acquired by private investment firm[1]
M&A
2707162 Alberta Ltd. acquired the Peavey Mart brand rights and intellectual property and announced plans to reopen selected stores.
- 2025
Four Peavey Mart stores reportedly reopen in Alberta[1]
Other
Four Alberta locations reportedly reopened in December following the acquisition of the brand, with additional Alberta and Saskatchewan reopenings planned.
- 2024
Peavey Industries announces the end of its Ace Hardware licensing agreement[1]
Other
The company said its Canadian master licensing agreement with Ace Hardware International would end at the close of 2024.
- 2023
Peavey Industries acquires Guy's Freightways[1]
M&A
Peavey Industries acquired the Red Deer transport company Guy's Freightways, which had served Peavey Mart since 1975.
- 2021
Peavey Mart begins construction of a Red Deer flagship store[1]
Other
The company began construction of a new flagship location in its Red Deer home market.
- 2021
Peavey Mart acquires naming rights to Westerner Park Centrium[1]
Campaign
Peavey Mart entered a five-year naming-rights agreement for Red Deer's Westerner Park Centrium.
- 2020
Peavey Industries acquires Canadian Ace Hardware master licence[1]
M&A
Peavey Industries took over the Canadian master licence for Ace Hardware from Rona and continued servicing a 107-store Ace network.
- 2017
Peavey Industries completes the TSC Canada acquisition[1]
M&A
Completion of the TSC transaction increased the retail footprint to approximately 85 locations and added TSC's London, Ontario distribution centre.
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