On April 8, 2025, the Court of King's Bench of Alberta approved the sale of Peavey Industries LP's TSC intellectual property assets—including trademarks and domain names—to Tractor Supply Company as part of Peavey’s restructuring under the Companies’ Creditors Arrangement Act (CCAA). The transaction was executed through a stalking horse bid process, with the purchase agreement dated March 11, 2025.

The transaction value was not disclosed in the publicly available documents. Legal advisors for Tractor Supply Company included Davies Ward Phillips & Vineberg LLP. Peavey Industries was represented by Norton Rose Fulbright Canada LLP, while McCarthy Tétrault LLP acted for the court-appointed monitor, FTI Consulting Canada Inc.

This sale follows Peavey's January 27, 2025, announcement that it had obtained creditor protection and intended to close all 90 of its Canadian stores, including 22 in Ontario and Nova Scotia. The company attributed this decision to substantial disruptions in the Canadian retail environment.

The approved sale of the TSC intellectual property assets to Tractor Supply Company represents a strategic move to preserve value for stakeholders and creditors as Peavey restructures its operations. The sale process, conducted through a court-supervised mechanism, underscores the effort to ensure transparency and fairness in achieving the best outcome under the CCAA proceedings. Since no U.S. dollar value was disclosed, the Canadian dollar equivalent also remains unspecified at the time of publication.