Cabela's has reached an agreement to purchase S.I.R. Warehouse Sports Store, a Winnipeg, CA-based hunt & fish specialty retailer. This storefront would be Cabelas first Canadian retail operation.
S.I.R. bears a remarkable resemblance to the way CAB looked on paper before the company went public and began its brick & mortar retail expansion. Currently S.I.R. does business through a large mail-order operation and 44,000-square-foot single retail store in the heart of Winnipeg's busiest shopping district. A family-owned and operated business, S.I.R is headed by Earl Robinson, son of the company's founder, who serves as president.
The purchase, which Cabela's expects to close in 30 to 60 days, will be their second announced venture in Canada. The Sidney, Neb., -based company plans to build one of its retail stores at the proposed Lac Mirabel development in Montreal.
Bieber Securities Inc. acted as adviser to S.I.R. Warehouse Sports Store in this transaction. The purchase price was not disclosed.