About the Company
Mountain Equipment Co-op (now called 1077 Holdings Co-Operative) is a Canadian co-op that started the MEC outdoor gear retail brand. The MEC brand name, assets and store leases were purchased by the American private investment firm Kingswood Capital Management's subsidiary Mountain Equipment Company in October 2020. 1077 Holdings Co-operative remains active to deal with the remaining claims by creditors and will be wound up at some point in the future. Mountain Equipment Co-Op was formed as a Canadian consumers' co-operative to sell outdoor recreation gear and clothing exclusively to its members. Mountain Equipment Co-Op was notable for its commitment to environmental protection and other causes. As a co-op, Mountain Equipment Co-Op sold only to customers who held a lifetime membership, which was technically a share of the co-op. MEC (as a co-operative) was Canada's largest supplier of outdoor equipment. Following its founding in Vancouver, British Columbia in 1971, MEC expanded across Canada and grew to operate stores in 20 cities. Once catering to mountaineers and climbers, MEC targeted a broader, more urban clientele, having added more clothing as well as cycling and yoga supplies. At its peak MEC had over 5.4 million members in Canada and internationally. Facing mounting financial losses in 2019 and during the COVID-19 pandemic in Canada, in September 2020, without consulting its membership, the board of directors of the co-operative entered into an agreement to sell its assets to Kingswood. Following the completion of the deal in late October, Kingswood began operating the retail assets as a for-profit business.
Exchange
OTC MARKETS
Fundamental Data and Insider Transactions (Quarterly data) Full Screen
Loading the fundamentals chart...
Latest $KWAC News
Kingswood Acquisition Corp. Further Postpones Special Meeting
NEW YORK, March 4, 2024 /PRNewswire/ -- Kingswood Acquisition Corp. (OTC: KWAC) (the "Company") announced today that the special meeting of the Company's stockholders to vote upon the Company's ...
Wentworth Merges With Kingswood Acquisition, Set To Go Public
a holding company that acquires and manages other firms within the wealth management industry, announced it has completed its merger with Kingswood Acquisition Corp. (KWAC), a special purpose ...
Kingswood Acquisition Corp. and Wentworth Management Services LLC Announce Completion of Merger and Launch of Binah Capital Group
Leading Wealth Management Enterprise with Approximately $23 Billion in AUM and a pro forma enterprise value of $208 million to be Publicly Traded as BCG on NASDAQ NEW YORK, March 19, 2024 /PRNewswire/ ...
Kingswood and Wentworth have created a new company with $23 billion in assets
Kingswood Acquisition Corp.( KWAC) completed the merger with Wentworth Management Services LLC to create Binah Capital Group, an independent asset management company. This is reported in the Kingswood ...
Kingswood Acquisition Corp (KWACU)
Get an in-depth profile of Kingswood Acquisition Corp, including a general overview of the company's business and key management, as well as employee data and location and contact information.
BCGWW Kingswood Acquisition Corp. WT EXP 050127
Change In Accounts Payable 0.2 0.4 3.1 3.1 Change in Other Net Operating Assets (0.7) 0.2 0.1 (0.0) ...
BCG Kingswood Acquisition Corp.
The security has traded for less than one year There is no Wall Street analyst coverage The security is a closed-end fund or a mortgage REIT The security is listed on a non-US exchange The ...
Kingswood Acquisition Corp. Prices $100 Million Initial Public Offering
Kingswood Acquisition Corp., a newly organized blank check company formed as a Delaware corporation, today announced the pricing of its initial public offering of 10 million units at an offering ...
B-D network Wentworth closes deal to go public
Wentworth Management Services, a broker-dealer aggregator with four firms and 1,900 financial advisors, and Kingswood Acquisition Corp., a special purpose acquisition company, said Tuesday they ...
Wentworth and Kingswood Acquisition merge to form Binah Capital
NEW YORK - In a move that reshapes the wealth management landscape, Wentworth Management Services LLC and Kingswood Acquisition Corp. (OTCE: KWAC) have successfully completed their merger, resulting ...
Kingswood Acquisition Corp. Further Postpones Special Meeting
NEW YORK, March 4, 2024 /PRNewswire/ -- Kingswood Acquisition Corp. (OTC: KWAC) (the "Company") announced today that the special meeting of the Company's stockholders to vote upon the Company's ...
Kingswood Acquisition Corp. and Wentworth Management Services LLC Announce Completion of Merger and Launch of Binah Capital Group
With Completion of Transaction, Wentworth Management Services Merges with Kingswood Acquisition Corp. to Create Binah Capital Group Leading Wealth Management Enterprise with Approximately $23 ...
Loading the latest forecasts...