RED DEER, Alta. — Peavey Industries LP announced that they have acquired a controlling interest in TSC Stores LP from Birch Hill Equity Partners. The investment in TSC includes a transition period that will allow Peavey to acquire complete ownership in TSC. Throughout the transition period, Birch Hill will remain a minority stakeholder in TSC Stores LP.
The two companies will continue to operate as separate entities under separate banners. Doug Anderson, President of Peavey Industries, will take on the role of Executive Chairman of TSC, and Darryl Jenkins will continue on as President to run the day-to-day operations and leadership of the company.