On May 16, 2025, MEC Mountain Equipment Company Ltd. (“MEC” or the “Company”), a portfolio company of Kingswood Capital Management, was acquired by a group of Canadian investors, led by TGI Holdings.
Kroll’s Investment Banking practice served as an exclusive sell-side advisor to MEC in connection with the transaction.
About Mountain Equipment Company (MEC)
MEC Mountain Equipment Company Ltd. headquartered in Vancouver, B.C., Canada is a leading omni-channel retailer that sells outdoor recreation goods via brick-and-mortar stores and e-commerce. With 26 store locations across Canada, the Company sells a diverse assortment of soft and hard goods—outerwear, footwear, apparel, bikes, camping gear, packs, and seasonal products. Built on a legacy of expert staff, community connection, and a passion for the outdoors, MEC has a loyal customer base of six million members and offers customers leading global brands such as Patagonia, Arc’teryx, Salomon, The North Face, Black Diamond, Osprey and Garmin.
About Kingswood Capital Management, LP
Kingswood Capital Management, LP partners with leading companies in the middle market which stand to benefit from its capital and extensive operating resources. Kingswood embraces complexity and believes it is well-positioned to support businesses at inflection points in their development to enhance value. Based in Los Angeles, Kingswood is a cohesive, entrepreneurial team with a long history of shared success developing “win-win” partnerships with its portfolio companies and management teams.
About TGI Holdings
TGI Holdings is a Canadian private investment holding company operated by Mr. Tim Gu, a Canadian textile executive. Tim Gu is currently Chairman of Unisync Corp. (TSX: UNI), a publicly traded Canadian uniform and workwear company. Tim is also 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.
