Lynx Equity has acquired Seattle-based G&W Commercial Interiors, a provider of commercial flooring and related services in the Pacific Northwest. No financial terms were disclosed.
TORONTO & SEATTLE–(BUSINESS WIRE)–Lynx Equity is pleased to announce the acquisition of Seattle-based G&W Commercial Interiors, a provider of commercial flooring and related services across the Pacific Northwest. For the past seventeen years, G&W has provided best in class service to its customers by maintaining a roster of approximately seventy in-house installers. Distinguished from its competitors, G&W trains and equips its team with the skills required to complete even the most detailed and specialized jobs. This gives G&W the ability to guarantee its clients the highest level of quality and workmanship coupled with speedy response times to their requests. Consequently, G&W boasts a wide variety of customers including health care facilities, large corporations, and general contractors. G&W’s Vice President, Steve Woodman, has assumed the role of President post-sale, and will remain with the company for the foreseeable future. Steve’s presence alongside key management personnel will help to ensure a seamless transition.
“We are excited to welcome Steve and the entire G&W team to the Lynx family. They run an incredible business and we are excited to implement many of their best practices within our organization,” commented Lynx Equity President, Brad Nathan. “Floor Solutions has proven to be an extremely successful acquisition for the group and we are excited to continue to grow this area of our portfolio with the addition of G&W.”
In 2014, Lynx Equity acquired Portland, OR’s Floor Solutions, a distributor of commercial flooring in both Oregon and Washington State.
“All of us at G&W are thrilled to be part of the Lynx portfolio as it allows for a smooth transition, improved capital structure, and long term continuity from the founding shareholders to the next generation of leadership and management,” commented Steve Woodman, G&W President. “We were fortunate to be able to have witnessed the transition and continuity at Floor Solutions as testimony to the Lynx operating philosophy. The ability to maintain G&W’s values, strategies, and goals ensuring that the company can continue to take care of its customers and team members, as it has historically, is the cornerstone of this acquisition strategy. Personally, I am very excited about continuing to lead the execution of our business strategy with Lynx’s support and resources.”
Lynx’s US portfolio is primarily concentrated across the Pacific Northwest and Southern California. Lynx continues to pursue acquisitions of small and medium-sized businesses from owners looking to retire in Canada and the United States.
About G&W Commercial Interiors
Since 2000, G&W Commercial Interiors has been providing customers across the Pacific Northwest with full-service commercial flooring products and installation. G&W also provides its customers with value-added services such as floor care, painting, hygienic wall panels, level III & IV infection control, furniture moving, project management, and project planning/management for other trades when requested by select clients.
For further information on G&W Commercial Interiors please visit www.gwcinteriors.com
About Lynx Equity Limited
With sales in excess of $350M 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 $500k and $2M and utilizes a buy and hold strategy.
For further information on Lynx Equity, please visit www.lynxequity.com