Effective February 17, 2021, Groupe Turcotte and Home Hardware Stores Limited acquired Quebec-based home improvement retailer Patrick Morin Inc., with 21 stores and 1 distribution centre in the province. Patrick Morin stores will continue to operate under the existing Patrick Morin banner and branding.
Groupe Turcotte is led by Dealer-Owner, Louis Turcotte and partners Daniel Gervais and Pierre Beauchamp. It currently employs more than 200 employees and operates Home Hardware retail stores in Marieville, Blainville, Pointe-aux-Trembles, Montreal, Laval, Saint-Lin-Laurentides, QC and Stittsville, ON.
Home Hardware Stores Limited is Canada's largest Dealer-owned hardware, lumber, building materials, and furniture home improvement retailer with more than 1,050 stores under the Home Hardware, Home Building Centre, Home Hardware Building Centre and Home Furniture banners.
Gowling WLG advised Home Hardware Stores Limited in this transaction with a team led by Rafal Wrzesien and that included Stefan Nasswetter and Abida Ludin (corporate); Julie Lanteigne, Alain Lalonde and Fabienne Racicot (real estate); Jean-François Vadeboncoeur (financing); and Bryce Kraeker (client relationship partner).