Lynx Equity’s Succession Capital buys Intermountain Group

Succession Capital, the U.S. subsidiary of Canadian private equity firm Lynx Equity, has acquired Intermountain Total Facility Services LLC and Executive Facilities LLC for an undisclosed price. Operating from several locations in Utah, the company is a provider of facility maintenance services, including landscaping, snow clearing, janitorial and handyman services, to commercial and residential clients in the region. The deal brings the Toronto-based Lynx’s portfolio to 42 companies in total.

PRESS RELEASE

Succession Capital Inc. Announces the Acquisition of Utah’s Intermountain Total Facility Services LLC

July 13, 2015

SAN DIEGO & SALT LAKE CITY–(BUSINESS WIRE)–Succession Capital Inc., a subsidiary of Lynx Equity Limited, is excited to announce the acquisition of Intermountain Total Facility Services LLC (dba American Maintenance and Turf-it Landscaping) and Executive Facilities LLC (dba Executive Janitorial). The Intermountain Group is one of the largest facility maintenance companies in its region, providing landscaping, snow clearing, janitorial, and handyman services to commercial and residential clients throughout Utah, Wyoming, and Idaho. Starting out with a focus on landscaping, the Intermountain Group gradually added services to the business, ensuring the full breadth of customers’ needs were always met. With the leadership of its talented and experienced management team, the company has achieved exceptional and consistent growth year after year.

“We were immediately impressed by Intermountain’s responsiveness to its customers and its ability to capture new market opportunities. Intermountain’s strong management team has built an exceptional company culture that we look forward to welcoming to the group,” commented Lynx Vice President Mathew Burpee. “Intermountain has the goal of becoming the one-stop-shop for all facility maintenance services, and we are very excited to partner with them to execute on this vision.”

This acquisition brings Lynx’s portfolio to forty-two companies. Succession Capital now represents over 30% of Lynx’s. Lynx Equity and Succession Capital continue to pursue acquisitions of small and medium-sized businesses throughout North America from owners looking to retire.

About Intermountain
With locations in Salt Lake City, Grantsville, and Logan, the Intermountain Group provides facility maintenance services to commercial and residential clients throughout Utah, Wyoming, and Idaho. It offers a full range of customized facility maintenance services including landscaping, snow clearing, janitorial, and handyman services. The Intermountain Group operates under the brand names Turf-it Landscaping, Executive Janitorial and American Maintenance.
For further information on Intermountain, please visit www.am4u.net

About Succession Capital
Based out of San Diego, CA, Succession Capital Inc. is a diversified private equity firm focused on acquiring small to medium-sized businesses from owners looking to retire. With revenue in excess of $260 million, its parent company, Lynx Equity, targets transactions between $2 million and $8 million and utilizes a buy and hold strategy.

For further information on Succession Capital, please visit www.succession-capital.com

Contacts

Lynx Equity Limited
Ashley Manis, 416-454-3782
pr@lynxequity.com

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