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Terraine Capital has acquired three Halifax-area RONA stores from the company for an undisclosed price.

Terraine Acquires Three Halifax-Area RONA Stores

Terraine Capital has acquired three Halifax-area RONA building-supplies stores from the company.

The stores are located in Halifax, Elmsdale, N.S., and Tantallon, N.S. Terraine is a Halifax-based commercial real estate investment and business development firm headed by Adam Barrett.

Financial terms were not disclosed. Terraine will operate the stores.

The company plans to expand its RONA store count in the region, Barrett said in a news release, according to the Elmsdale Laker.

β€œWe’re committed to building on the history and success of the RONA brand in Halifax and will focus on enhancing inventory, improving operations, customer service and supporting local developers and contractors in and around the [Halifax Regional Municipality],” said Barrett.

To accomplish that goal, Terraine has hired Kris Warren as its vice-president for Atlantic Canada and James Francis as regional operations manager. Both Warren and Francis have more than 30 years of building-supply industry experience.

Barrett founded Terraine, which he solely owns, in 2023. The company’s diverse holdings include BlackBay Real Estate and Unhinged Hospitality.

Pictured: RONA Halifax store

Photo: Marco Group


Inside The Story

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About Monte Stewart

Monte Stewart serves as Content Director - Canada for Connect Commercial Real Estate. Based in Vancouver, British Columbia, Monte provides daily news coverage of major Canadian commercial real estate markets, including Vancouver, Toronto, Montreal and Calgary. He has written about the real estate sector for various media outlets and Avison Young since the early 2000s. In addition, he has covered sports, general news and business for several leading wire services and publications, including The Canadian Press, The Associated Press, The Calgary Herald, The Globe and Mail, Research Money, The Daily Oil Bulletin, Natural Gas World and The Toronto Star. Monte is active in his community as a youth basketball coach and raises funds for such charitable causes as Movember.

  • ◦Sale/Acquisition
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