Canadian private equity firm Lynx Equity announced it has acquired NRG Equipment Inc. for an undisclosed sum. NRG is a Toronto-based provider of HVAC products for construction and renovation projects. The company’s acquisition is the third completed by Lynx so far this year.
Lynx Equity Limited Announces the Acquisition of NRG Equipment Inc.
TORONTO, ONTARIO–(Marketwired – April 3, 2013) – Lynx Equity Limited (“Lynx”) announced today that it has acquired NRG Equipment Inc. (“NRG”), its third acquisition of 2013. “The potential for steady sales growth and product development in diverse markets made the acquisition a natural fit for Lynx’s diversified portfolio,” commented Dustin Mandel, Lynx Partner. The Pilling family, NRG’s founders, will remain on board, ensuring that NRG continues to provide class leading reliability and customer service, a trademark of the business. “It is a new platform for Lynx,” notes Djenane Cameron, Lynx Partner. “And we look forward to adding more synergistic companies to the group.”
Founded in 1993, NRG offers HVAC products suitable for various new construction and renovation applications such as residential homes, cottages, assisted living properties, hotels, condominiums, stores and more. They also offer infrared heating for arena, sporting venue, and warehouse heating. NRG’s customers rely on them for product availability, energy efficient products and immediate response to all requests.
For more information on NRG, please contact firstname.lastname@example.org.
About Lynx Equity
With sales in excess of $100 million, Lynx Equity Limited is a diversified private equity firm focusing on acquiring medium-sized businesses from owners looking to retire. Lynx targets transactions between $2 million and $8 million and utilizes a buy and hold strategy.
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