Gordon Brothers has provided Peavey Industries LP (Peavey) a financing package of up to C$155 million, consisting of a C$105 million first-lien revolving credit facility, a C$30 million first-in, last-out term loan, and a C$20 million consignment program, to support Peavey’s go-forward strategy.

Additionally, Gordon Brothers will provide store and inventory rationalization, vendor support, portfolio evaluation and lease renegotiations to holistically support the continued operations of the Canadian specialty farm and ranch retailer.  

“Alongside the capital needed to continue operations, our holistic review and evaluation of Peavey’s entire portfolio and ongoing strategic guidance underscores our innovative and comprehensive solutions,” said Kyle C. Shonak, Chief Transaction Officer, North America at Gordon Brothers. “By bringing together our combined deep asset experience in lending, retail and real estate, we provided the increased liquidity and operational flexibility needed to maintain the long-term success of this family business.”

"Gordon Brothers’ financing and strategic partnership is a critical part of our strategy to streamline operations and continue delivering exceptional value to our customers,” said Doug Anderson, Chief Executive Officer of Peavey. “Their expertise and support have enabled us to move forward with confidence and, together, we are focused on adapting, innovating and continuing to serve Peavey’s customers across Canada.”