Canadian private equity firm Lynx Equity has bought an unidentified fabricator and installer of structural steel products based in Eastern Ontario. The deal’s financial terms were not disclosed. Lynx said the business offered potential synergies with its other portfolio companies, which total 40 following the close of the latest acquisition. Nine of these companies were purchased in 2014, including Port-Style Enterprises Inc and Winfield Wood & Lath Ltd. The Toronto-based Lynx is focused on buying small businesses from owners looking to retire.
PRESS RELEASE
Lynx Equity’s Portfolio Reaches Forty Subsidiaries with the Acquisition of a Steel Manufacturer and Installer Based in Eastern Ontario
January 08, 2015
TORONTO–(BUSINESS WIRE)–Lynx Equity Limited is pleased to announce the acquisition of a growing Eastern Ontario-based fabricator and installer of structural steel products. The company also manufactures stairs, railings, and other miscellaneous metal products. With over thirty-five years of operation, the company has a proven track record and has established deep relationships with developers, provincial institutions and contractors. “We were immediately attracted to this opportunity because of company’s consistent impressive performance along with several potential synergies among Lynx’s portfolio of signage companies,” commented Julia Chasson, Lynx Vice President. These signage companies include Country Signs, TAG and WSI Sign, among others.
“We were immediately attracted to this opportunity because of company’s consistent impressive performance along with several potential synergies among Lynx’s portfolio of signage companies”
This acquisition brings Lynx’s expanding portfolio to forty diversified companies across various industries including, but not limited to, signage, lighting and trucking. Nine of these companies were acquired during 2014. Lynx continues to pursue acquisitions of small and medium-sized businesses throughout Canada and the United States from owners looking to retire.
About the Company
Founded over thirty-five years ago and headquartered in Eastern Ontario, the company is a fabricator and installer of structural steel products. It has stood the test of time through competitive pricing, excellent workmanship, and timely delivery. This has solidified its position as a dominant player in the Eastern Ontario structural steel market.
About Lynx Equity Limited
With sales in excess of $230 million, Lynx Equity Limited is a diversified private equity firm focused on acquiring small and medium-sized businesses from owners looking to retire. Lynx targets transactions between $2 million and $8 million and utilizes a buy and hold strategy.
For more information on Lynx Equity, please visit www.lynxequity.com
Contacts
Lynx Equity Limited
Ashley Manis, 416-454-3782
pr@lynxequity.com
Photo courtesy of Shutterstock
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