Manitobah Mukluks

Canaccord Genuity Acts as Exclusive Financial Advisor to  Manitobah Mukluks on its Sale to Endeavour Capital

Canaccord Genuity is pleased to announce that on October 29, 2021, its client, Blue Moose Clothing Company Ltd. o/a Manitobah Mukluks (“Manitobah” or the “Company”) was acquired by Endeavour Capital LLC (“Endeavour”). Canaccord Genuity acted as exclusive financial advisor to Manitobah. Terms of the transaction were not disclosed.

Manitobah Mukluks was founded by Sean McCormick in 1997. Since then, it has grown from a single store in Manitoba, Canada to a global brand sold in over 50 countries. The Company sells modern Indigenous footwear, proudly combining traditional and modern Indigenous design with industry-leading technological innovations, becoming one of Canada’s most successful footwear brands in the process. Manitobah Mukluks is well known for the social impact it provides through numerous community programs, including its Storyboot School, which teaches traditional mukluk and moccasin-making skills. The Company also prides itself on Indigenous employment and vendors, in addition to its partnerships with Indigenous artists.

Endeavour was founded in 1991 to be a resident source of capital and long-term partner to leading companies based in Western North America. Today, Endeavour manages over US$2.5 billion in committed capital and is currently investing its eighth fund, with US$850 million in committed capital. Endeavour takes a stewardship approach and is typically the first institutional investor to partner with founder and family owned companies, providing the experience and resources to support growth. Endeavour has a long history of investing in branded consumer and specialty retail businesses, among others. Manitobah represents Endeavour’s first acquisition outside of the United States.

The Canaccord Genuity team included Jason Robertson, Mark Silvestre, and Chrissy Hui from Investment Banking.