Sycamore Partners completed the acquisition of the Canadian retail business of Lowe's for $400m.

Sycamore Partners, a private equity firm specializing in retail, consumer and distribution-related investments, completed the acquisition of the Canadian retail business of Lowe's, an American retail company specializing in home improvement, for $400m. "We are excited to announce that RONA is once again an independent company headquartered in Boucherville, Quebec. We are honored that Lowe's has entrusted Sycamore Partners to lead RONA into its next chapter and build upon RONA's 84-year history serving communities across Canada. We look forward to working with RONA's 26,000 associates and over 200 dealer partners to meet the home improvement needs of Canadian families, builders, and contractors," Stefan Kaluzny, Sycamore Partners Managing Director.