US EditionMountain Equipment Company returns to Canadian ownership
- Mountain Equipment Company returned to Canadian ownership when an investor group led by Tim Gu acquired it on May 16, 2025.
- This acquisition followed nearly four years of U.S. Ownership after MEC was bought by California-based Kingswood Capital Management in 2020.
- MEC, founded in Vancouver in 1971 and known for climbing and camping gear, operates 24 stores nationwide, including five in British Columbia.
- In a press release about the partial management buyout, Tim Gu highlighted MEC as embodying key Canadian values such as exploration, strength, and a sense of togetherness.
- This change in ownership is part of a wider movement of Canadian firms regaining control of historic retail brands, with MEC reaffirming its dedication to being a key player in Canada’s outdoor community.
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18 Articles
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Total News Sources18
Leaning Left17Leaning Right0Center1Last UpdatedBias Distribution94% Left
Bias Distribution
- 94% of the sources lean Left
94% Left
L 94%
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