Lynx Equity acquires mobile shredding truck maker Alpine


© Alpine Shredders Ltd

Canadian private equity firm Lynx Equity has acquired Alpine Shredders Ltd, a Kitchener, Ontario-based designer and builder of mobile shredding trucks.

No financial terms were disclosed.

The seller was President George Doerr, who co-founded Alpine in 2004 and has been its sole owner since 2015. Doerr will remain with the company.

Lynx Vice President Eric Persi said the acquisition marks his firm’s entry into the document destruction industry.

In November, Lynx acquired Integrity Signs Inc, a Calgary-based signage provider.

PRESS RELEASE

Lynx Equity Limited is pleased to announce the acquisition of Kitchener, Ontario’s Alpine Shredders

February 2019

Toronto, ON – Lynx Equity Limited is pleased to announce the acquisition of Kitchener, Ontario’s Alpine Shredders. Founded in 2004, Alpine Shredders designs and builds premium quality purpose built Mobile Shredding Trucks. With its rich history and innovative culture, Alpine will continue to lead the marketplace, giving shredding operations a real advantage over their competition.

“We had only limited knowledge of the document destruction industry but, after meeting the team at Alpine Shredders, were immediately excited about the opportunity to expand our portfolio into this space,” commented Eric Persi, Vice President of Lynx Equity.

Alpine’s President, George Doerr, who will remain with the Company, echoed the sentiment of excitement. “The Alpine team is looking forward to being a part of the Lynx family and continuing their quest to lead the industry for mobile shredding equipment.”

Buy-side legal due diligence was performed by Minden Gross. Accounting due diligence was performed by Deloitte. The transaction was facilitated by RBC‘s Mid-Market Mergers and Acquisitions group.

About Alpine Shredders

Alpine Shredders designs and builds premium quality purpose built Mobile Shredding Trucks. With its rich history and innovative culture Alpine will continue to lead the market place giving shredding operations a real advantage over their competition. Although Alpine Shredders corporate history began in 2004, it has a lineage in the shredding industry that began in 1985 and in the transportation equipment industry as far back as 1942.

For further information on Alpine Shredders please visit alpineshredders.com

About Lynx Equity Limited

With sales in excess of $400M CAD, Lynx Equity Limited is a Toronto-based diversified private equity firm focused on acquiring small and medium-sized businesses from owners looking to retire. Lynx targets acquisitions of companies with EBITDA between $750K and $2M USD and utilizes a buy and hold strategy.

For further information on Lynx Equity, please visit www.lynxequity.com

For press inquiries, please contact:

Ashley Manis

[email protected]

416-454-3782

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