Campion property for sale
Rob Gibson – Apr 9, 2022 / 4:00 am | Story: 365510
Photo: Campion
Another Kelowna business is on the move and possibly closing for good.
A real estate listing on the HM Commercial Group website shows the current location for Campion Marine at 200 Campion St. in Kelowna is for sale for just under $15M.
The website listing indicates, “200 Campion Street is well located in the Reid’s Corner area of Kelowna, one of the most sought after industrial areas in the city. The location provides easy access via Sexsmith Road to Highway 97 at a signalized intersection and is listed for $14,995,000.”
Kelowna-based Campion Boats was sold to an Edmonton company called KV Private Equity for an undisclosed price back in 2018.
Castanet was contacted by several employees who indicated the company will close its doors after more than 50 years in the Okanagan.
“An accounting company from Alberta bought Campion in late 2018 (and they are) claiming that due to supply chain and labor market issues, they have to close,” said an employee who asked to remain anonymous for fear of reprisals.
The person with knowledge of the sale noted KV Equity also owns Northern Lite Mfg. ltd and some Campion employees have been offered positions with that company.
Castanet has reached out to KV Equity and Campion for comment but have not received a response.
Campion is Canada’s largest independent fiberglass boat builder and is very well respected in the industry.
Campion currently employs more than 100 people at the Kelowna location. No timeline for the sale or the closing of the facility has been given but the source Castanet spoke with indicated the last employees are expected to be done work in early August of 2022.
