Peavey Mart stores were previously owned and operated by Peavey Industries LP. In early 2025, Peavey Industries announced that it would seek creditor protection and close all Peavey Mart stores nationwide as a result of unprecedented challenges, including record-low consumer confidence, inflationary pressures, rising operating costs and ongoing supply disruptions. It filed for bankruptcy shortly thereafter.
2707162 Alberta Ltd. acquired the rights to the Peavey Mart brand and intellectual property, and in August 2025 announced its intent to re-open select locations in Alberta and Saskatchewan.