Canadian private equity firm Lynx Equity has acquired Kitchen Creations Inc, a manufacturer, designer, and installer of kitchen and bath cabinetry for retail customers and large developers. The financial terms of the transaction were not published. Founded in 1992, Kitchen Creations is based in Fredericton, New Brunswick. The deal brings the number of companies in Lynx Equity’s portfolio to 41 in total. Headquartered in Toronto, the firm is focused on buying small businesses from owners looking to retire.
Lynx Equity announces the acquisition of Fredericton, New Brunswick’s Kitchen Creations Inc.
Toronto, ON – February 18, 2015 – Lynx Equity Limited is pleased to announce the acquisition of Kitchen Creations Inc., a manufacturer, designer, and installer of kitchen and bath cabinetry. The company, the largest of its kind in Fredericton, offers the best in design, style and quality, along with superior customer service throughout every phase of the project. “We were immediately attracted to the Kitchen Creations’ consistent historical earnings, strong best practices, and dominant market share,” noted Julia Chasson, Lynx Vice President. In addition, Lynx is thrilled that the current owner will stay on for the foreseeable future ensuring a smooth transition for all clients, employees and suppliers alike.
This acquisition brings Lynx’s expanding portfolio to 41 diversified companies across North America. In 2014, it was awarded 46th place on PROFIT Magazine’s FastestGrowing Companies in Canada with a 5-year growth rate of 1339%. Lynx continues to pursue acquisitions of small and medium-sized businesses throughout Canada and the United States from owners looking to retire.
About the Kitchen Creations
Kitchen Creations is a premier manufacturer of kitchen and bath cabinetry. Customers include both retail customers and large developers. Its showroom boasts a one-of-a-kind combination of products and services presented in tandem with friendly, experienced staff. With knowledgeable designers and products that truly bring the clients’ unique ideas to life, Kitchen Creations has proudly served the community for over 23 years. For more information, please visit www.kitchencreationsinc.ca
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 in Enterprise Value and utilizes a buy and hold strategy.
For more information, please visit www.lynxequity.com
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Photo courtesy of Kitchen Creations Inc