Canadian private equity firm Lynx Equity has acquired Port-Style Enterprises Inc. The financial terms of the transaction were not published. With headquarters in Toronto, the company is an importer and distributor of kitchenware and houseware products. Update: The acquisition of Port-Style Enterprises is the Toronto-based Lynx Equity’s ninth deal to date in 2014.
TORONTO–(BUSINESS WIRE)–Lynx Equity Limited is excited to announce its 9th acquisition of 2014, Port-Style Enterprises Inc., a Toronto based importer and distributor of kitchenware products. With its extensive and constantly evolving product selection, Port-Style is relied upon by its customers as a one-stop shop for all of their inventory needs. This has allowed Port-Style to develop long-standing relationships with both big box retailers and specialty shops alike, providing them with unique products and superior customer service.
“Port-Style’s long track record of exceptional customer service and creative product offerings has resulted in an outstanding reputation in the industry,” stated Brad Nathan, President of Lynx Equity. “We are delighted to add Port-Style to the Lynx family of companies.”
Port-Style joins Lynx’s expanding portfolio of over 35 companies including wholesale distributors Streamline Art & Frame, JewelPop, Fine Line Imports and Baker Shoe, bringing Lynx’s total revenue to over $169 million.
Founded in 1992, Port-Style is an importer and distributor of kitchenware products. It represents over 30 high quality and well-known kitchen and houseware brands, as well as design and sell their own branded product line called Kitchen Basics to retailers across Canada. For more information on Port-Style, please visit www.portstyle.com
About Lynx Equity Limited
With sales in excess of $169 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.
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