RONA Inc. is bringing five Atlantic Canadian stores and a regional delivery operation under direct corporate ownership, less than two and a half years after selling three of the locations to Halifax-based Terraine Capital.
The retailer announced July 21 that it had acquired RONA stores in Halifax, Elmsdale, Tantallon, Charlottetown and Moncton from RONA Atlantic Ltd., along with the Windmill Road direct delivery centre in the Halifax region. Financial terms were not disclosed.
RONA said the transaction is intended to support the longevity and continued growth of the five stores and delivery centre. The company added that customers would continue to receive the same service and product assortment following the ownership change.
The acquisition gives RONA direct control of a regional operation assembled by Terraine Capital during a rapid expansion across Nova Scotia, New Brunswick and Prince Edward Island. It also returns three Nova Scotia stores to direct ownership by the retailer after they were transferred to affiliated dealer ownership in 2024.
Three Stores Return to RONA
Terraine Capital entered RONA’s affiliated dealer network in March 2024 through the acquisition of the Halifax, Elmsdale and Tantallon stores.
The three locations had previously been operated directly by RONA. Following the sale, they continued to carry the RONA banner under local ownership through Adam Barrett’s Halifax-based business group.
The Halifax store is located at 6055 Almon Street, while the Elmsdale and Tantallon locations operate at 84 Mason Lane and 3680 Hammonds Plains Road, respectively.
At the time of the transaction, RONA said Terraine intended to grow the business and expand the banner’s presence in Atlantic Canada. Barrett’s group positioned the stores as locally managed operations serving homeowners, contractors and construction-sector customers.
The latest acquisition effectively reverses that ownership change approximately 28 months later. The three stores are returning to RONA’s corporate side as part of a larger transaction that also includes two locations developed or acquired by Terraine after its initial entry into the home improvement sector.
No purchase price was disclosed for either the 2024 sale or the 2026 acquisition.
Terraine Expanded Across Three Provinces
Terraine moved quickly after acquiring the three Nova Scotia stores.
In August 2024, the company expanded into Prince Edward Island by acquiring a building-supply business in Charlottetown that had operated under the TIMBER MART banner. The approximately 33,000-square-foot location was converted to RONA, becoming Terraine’s fourth store and returning the RONA name to the province.
The Charlottetown operation included a retail store, indoor lumber and building-material areas and a substantial outdoor lumberyard. Plans announced at the time included expanding seasonal merchandise, strengthening online sales and continuing to serve professional customers. The company retained the existing store team as part of the conversion.
Terraine then entered New Brunswick with the opening of a new RONA store at 100 Cabela Court in Moncton in December 2024.
By the end of that year, the company had grown from operating three former corporate RONA stores around Halifax to controlling a five-location network spanning three Atlantic provinces.
Terraine Capital operates across a range of industries that include real estate, construction, building supplies, manufacturing, landscaping and hospitality. The company identifies Barrett as its founder and owner and says its wider group employs more than 600 people.
Before the sale to RONA, Terraine described its building-supply division as a network of five RONA dealerships serving local homeowners, developers and contractors.
The five-store business became known publicly as RONA Atlantic, though the stores remained part of RONA’s national affiliated network.
The speed of that expansion makes the latest transaction particularly noteworthy, with ownership of the regional operation returning to RONA less than two years after Terraine began building it.
A Newly Built Moncton Store
The Moncton location is one of the newest assets included in the transaction.
Terraine invested approximately $10 million in the store, which covers about 50,000 square feet and includes several acres of drive-through lumberyard space. The operation created more than 70 jobs, according to information released around its formal opening in 2025.
The store includes departments and showrooms for kitchens, bathrooms, appliances, windows and doors, lighting, plumbing and other home improvement categories.
Its format was designed to serve individual consumers and professional customers, with the lumberyard and building-material offering playing a central role.
When the location opened, Barrett identified Moncton, Halifax and Charlottetown as growing markets supported by residential and commercial construction activity.
The acquisition gives RONA direct ownership of one of Atlantic Canada’s newest large-format home improvement stores.
Delivery Infrastructure Included
The transaction extends beyond the five retail stores. RONA is also acquiring the Windmill Road direct delivery centre, a regional logistics asset in the Halifax area. The company has not disclosed the facility’s precise address, size, staffing level, fleet or delivery territory.
Its inclusion is relevant because several of the acquired stores have substantial lumber, building-material and contractor-oriented operations.
The Charlottetown store includes indoor and outdoor lumber facilities, while the Moncton location was developed with a multi-acre drive-through lumberyard. The Elmsdale and Tantallon stores also serve professional customers through contractor desks, delivery services and building-material departments.
Direct delivery is particularly important in the construction and renovation sectors, where lumber, drywall and other bulky materials frequently need to be transported to job sites.
RONA has also invested in contractor-focused delivery infrastructure elsewhere in Canada. In 2025, the company opened a direct delivery centre in Hamilton to serve professional customers across a broad area of southern Ontario.
The transaction gives RONA control of an integrated regional business that combines storefront retail with building-material fulfilment and delivery capability.
RONA has not said whether it plans to expand the delivery centre, change its service territory or integrate it with other parts of the company’s national distribution network.
A Shift Within RONA’s Mixed Network
RONA operates through a combination of corporate stores and independently owned affiliated dealerships.
The company’s national network includes more than 425 locations under the RONA and RONA+ banners. Some stores are owned and operated directly by RONA, while others are run by local dealers that use the company’s banner, merchandising programs and supply network.
All five Atlantic stores already operated under the RONA name. The latest transaction changes their ownership and operating structure without introducing a new banner.
The move gives RONA direct responsibility for staffing, store operations, inventory, capital planning and regional execution across the acquired business.
The transaction should not be viewed as evidence that RONA is moving away from affiliated dealers nationally. Independent operators remain an important part of the company’s network, particularly in smaller communities and regional markets.
The Atlantic acquisition is more accurately understood as RONA’s purchase of one dealer-operated group whose stores had been assembled over a relatively short period.
The acquisition gives RONA direct control of a regional operation assembled over less than two years across three Atlantic provinces. It includes three Nova Scotia stores formerly owned by the retailer, a Charlottetown location that restored the RONA banner to Prince Edward Island, a recently opened Moncton store and contractor-focused delivery infrastructure serving the Halifax region.
