Peavey Mart is a

Red Deer, Alberta Red Deer is a city in Alberta, Canada, located midway on the Calgary–Edmonton Corridor. Red Deer serves central Alberta, and key industries include health care, retail trade, construction, oil and gas, hospitality, manufacturing and education. ...

-based chain of hardware and agricultural supply stores owned by Peavey Industries LP. The chain was originally founded by the

Peavey Company Gavilon is a commodity management firm based in Omaha, Nebraska. The company is organized into two operating segments: Operating segments Grain & Ingredients – Gavilon originates, stores, and distributes grains and oilseeds, as well as feed ...

in 1967 as National Farmway Stores, and was renamed Peavey Mart in 1974. The chain was acquired by its Canadian management in 1984. The chain primarily operates in

Western Canada Western Canada, also referred to as the Western provinces, Canadian West or the Western provinces of Canada, and commonly known within Canada as the West, is a Canadian region that includes the four western provinces just north of the Canada� ...

. In 2016, Peavey Industries acquired the Canadian operations of

Tractor Supply Company Tractor Supply Company (also known as TSCO or TSC), founded in 1938, is an American retail chain of stores that sells products for home improvement, agriculture, lawn and garden maintenance, livestock, equine and pet care for recreational farmers ...

(TSC); its locations were rebranded as Peavey Mart, expanding the chain into Ontario. In 2020, Peavey Industries acquired the Canadian master license to Ace Hardware from Rona, servicing its 107 locations.

History

The company was first established in Winnipeg in 1967 as National Farmway Stores, under the ownership of the National Grain division of the

Minneapolis Minneapolis () is the largest city in Minnesota, United States, and the county seat of Hennepin County. The city is abundant in water, with thirteen lakes, wetlands, the Mississippi River, creeks and waterfalls. Minneapolis has its origins ...

-based

. Its first location was located in

Dawson Creek Dawson Creek is a city in northeastern British Columbia, Canada. The municipality of had a population of 12,978 in 2016. Dawson Creek derives its name from the creek of the same name that runs through the community. The creek was named after ...

, British Columbia. In 1974, Peavey Company sold National Grain but retained the National Farmway Stores division, renaming it Peavey Mart. In 1982, Peavey Company was acquired by

ConAgra Conagra Brands, Inc. (formerly ConAgra Foods) is an American consumer packaged goods holding company headquartered in Chicago, Illinois. Conagra makes and sells products under various brand names that are available in supermarkets, restaurants, ...

, which planned to fold the Peavey Mart chain due to its performance. In 1984, Peavey Mart was acquired by its management, including Rick Anderson (the father of present-day CEO Doug Anderson), making it a Canadian-owned company. In 2012, Peavey Industries established a new, smaller hardware store concept, MainStreet Hardware, at three locations in

Blackfalds Blackfalds is a town in central Alberta, Canada. It is located along Highway 2A 13.5 km north of Red Deer. The town's name, Waghorn (for Walter Waghorn, post master), changed in 1903 to Blackfalds, after Blackfalds, a Scottish hamlet. Dem ...

, Ponoka and

Vermilion, Alberta Vermilion is a town in central Alberta, Canada that is surrounded by the County of Vermilion River. It is at the intersection of Highway 16 (Yellowhead Highway) and Highway 41 ( Buffalo Trail), approximately west of Lloydminster and east of E ...

. In July 2016, Peavey Industries acquired a controlling interest in the Canadian division of

TSC TSC may refer to: Organizations * Technology Service Corporation, a US engineering company * Terrorist Screening Center, a division of the National Security Branch of the US Federal Bureau of Investigation * The Shopping Channel, a Canadian televi ...

from Birch Hill Equity Partners, including 51 stores and its

London, Ontario London (pronounced ) is a city in southwestern Ontario, Canada, along the Quebec City–Windsor Corridor. The city had a population of 422,324 according to the 2021 Canadian census. London is at the confluence of the Thames River, approximate ...

distribution centre. Peavey Industries completed its acquisition of the division in 2017; the acquisition more than doubled the company's retail footprint from 34 stores, predominantly in

, to 85 with an expanded presence in Manitoba and Ontario. The Manitoba TSC stores were rebranded as Peavey Mart in 2016, and the Ontario stores in 2021. In March 2020, Peavey Industries acquired the Canadian master license for Ace Hardware from

Lowe's Lowe's Companies, Inc. (), often shortened to Lowe's, is an American retail company specializing in home improvement. Headquartered in Mooresville, North Carolina, the company operates a chain of retail stores in the United States and Canada. A ...

-owned Rona. Peavey is maintaining the 107-store Ace chain, but began to stock their

store brands A private label, also called a private brand or private-label brand, is a brand owned by a company, offered by that company alongside and competing with brands from other businesses. A private-label brand is almost always offered exclusively by th ...

at its locations, and integrated the stores into Peavey Mart's expanded

ecommerce E-commerce (electronic commerce) is the activity of electronically buying or selling of products on online services or over the Internet. E-commerce draws on technologies such as mobile commerce, electronic funds transfer, supply chain managemen ...

operations. In May 2021, Peavey Mart began construction of a new flagship location in Red Deer.

Sponsorship

In July 2021, Peavey Mart acquired the

naming rights Naming rights are a financial transaction and form of advertising or memorialization whereby a corporation, person, or other entity purchases the right to name a facility, object, location, program, or event, typically for a defined period of t ...

to the Westerner Park Centrium in Red Deer under a five-year agreement.

References

External links

*{{Official website, peaveymart.com 1967 establishments in Manitoba Red Deer, Alberta Hardware stores of Canada