(CNW Group/Mountain Equipment Co.)
Mountain Equipment Co. (MEC) has new owners. The transaction shifts MEC’s ownership to a group of Canadian investors after being in the hands of Kingswood Capital Management, a Los Angeles-based investment firm that acquired MEC in 2020.
The new investor group is led by Tim Gu, chairman of Unisync Corp., a publicly traded Canadian uniform and workwear company. Gu is also an investor in Canadian brands Tilley and Roots. MEC has 24 stores in Canada.
