A group of investors led by Tim Gu completed the acquisition of Mountain Equipment Company.

A group of investors led by Tim Gu completed the acquisition of Mountain Equipment Company, an outdoor specialty retailer. Financial terms were not disclosed. "MEC represents the best of Canadian spirit — adventure, resilience, and community. As a lifelong believer in Canadian manufacturing and innovation, I'm proud to join MEC's journey. Together, we'll strengthen its foundation, expand its reach, and ensure that MEC remains an essential part of Canada's outdoor culture for generations to come," Tim Gu.