The management team of RONA Inc. has completed a management buy-out of a majority shareholder of the company for US$5 million.
RONA Inc. is a Boucherville, Quebec-based retailer of home improvement and construction products and services. Founded in 1939, the company operates a mixture of company-owned and franchised retailers under multiple banners, including Rona, its big box formats Rona Home & Garden (Rona L’Entrepôt in Quebec) and Réno-Dépôt, as well as smaller brands such as Rona Cashway, Marcil Centre de Rénovation, and Dick's Lumber.
Oaklins' team in Montreal, Canada, acted as the exclusive advisor to the management team in this transaction.
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