Peavey Mart

Peavey Mart was a Red Deer, Alberta-based chain of hardware and agricultural supply stores owned by Peavey Industries LP. The chain was originally founded by the Peavey Company in 1967 as National Farmway Stores, and was renamed Peavey Mart in 1974. The chain was acquired by its Canadian management in 1984.

Peavey Industries LP

Company type	Limited partnership
Industry	Retail
Founded	1967; 58 years ago (1967) in Winnipeg, Manitoba
Defunct	2025; 0 years ago (2025)
Headquarters	Red Deer, Alberta , Canada
Key people	Doug Anderson (CEO)

The chain primarily operated in Western Canada. In 2016, Peavey Industries acquired TSC Canada; its locations were rebranded as Peavey Mart, expanding the chain into Ontario, and expanding its presence in Manitoba. 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-based Peavey Company. Its first location was located in Dawson Creek, 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, 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.^[1][2]

Expansion

In 2012, Peavey Industries established a new, smaller hardware store concept, MainStreet Hardware, at three locations in Blackfalds, Ponoka and Vermilion, Alberta.^[2]

In July 2016, Peavey Industries acquired a controlling interest in TSC Canada^[3] from Birch Hill Equity Partners, including 51 stores and its London, Ontario distribution centre. Peavey Industries completed its acquisition of the division in 2017,^[2][4] more than doubling the company's retail footprint from 34 stores predominantly in Western Canada, to 85 with an expanded presence in Manitoba and Ontario.^[2] The Manitoba TSC stores were rebranded as Peavey Mart in 2016, and the Ontario stores in 2021.^[2][5]

In May 2021, Peavey Mart began construction of a new flagship location in Red Deer.^[1]

In 2023, Peavey Industries acquired the Red Deer-based transport company Guy's Freightways; Peavey Mart had been a client of the company since 1975.^[6][7]

Sponsorship

In July 2021, Peavey Mart acquired the naming rights to the Westerner Park Centrium in Red Deer under a five-year agreement.^[8]

Ace Hardware Acquisition

In March 2020, Peavey Industries acquired the Canadian master license for Ace Hardware from Lowe's-owned Rona. Peavey Industries maintained the 107-store Ace chain, but began to stock their store brands at its locations, and integrated the stores into Peavey Mart's expanded ecommerce operations.^[9][2]

In June of 2024, Peavey Industries announced it was ending the relationship with ACE Hardware International on December 31, 2024 and would no longer support the Canadian master license^[10].

Store Closures

On January 23, 2025, the chain announced the closures of 22 stores in Ontario and Nova Scotia as part of their organizational restructuring.^[11]

On January 27, 2025, Peavey Industries announced that they would close all 90 stores in Canada in the coming months and would seek creditor protection.^[12] This was in addition to six Mainstreet Hardware locations.