Succession Capital, the U.S. subsidiary of Canadian private equity firm Lynx Equity, has acquired Wine Valley Siding Supply Inc. No financial terms were disclosed. Headquartered in Bothell, Washington, Wine Valley is a provider of siding products, trims, and accessories to builders, subcontractors, and homeowners. Update: The acquisition comes on the heels of Succession Capital’s buy last month of H.J. Sherman Co Inc, a designer, manufacturer and distributor of religious gifts and jewelry.
SAN DIEGO & BOTHELL, Wash.–(BUSINESS WIRE)–Succession Capital Inc., a subsidiary of Lynx Equity Limited, is excited to announce the acquisition of Wine Valley Siding Supply, Inc., one of Western Washington’s leading distributors of Western Red Cedar and fiber cement siding.
For over fifty years, the company has been providing high quality siding products, trims, and accessories to builders, subcontractors, and homeowners. Wine Valley is also a market leader of prefinishing services for all types of siding and trims. With a focus on exceptional customer service, and superior quality materials, Wine Valley has grown to become one of the largest in its market, boasting an extensive list of long-term customers. The company’s growth has been led by a management team with over 150 years of combined experience in the siding industry.
“We were immediately impressed by Wine Valley because of its devotion to customer service and its ability to adapt product offerings and strategic efforts as trends and market conditions changed. The success of the company is a credit to its exceptional management team, and we look forward to working with them to execute Wine Valley’s growth plans and foster its ongoing legacy in the region,” commented Mathew Burpee, Lynx Vice President – Western Canada.
Wine Valley joins the group’s expanding portfolio of over thirty-five companies including nearby, and recently acquired, Portland, Oregon based Floor Solutions. Lynx/Succession continues to pursue acquisitions of small to medium-sized businesses throughout Canada and the United States from owners looking to retire.
About Wine Valley Siding Supply
Founded in 1955, and headquartered in Bothell, Washington, Wine Valley Siding Supply is a leading distributor of siding products, trims, and accessories. It offers wood and fiber cement siding, and has extensive experience fulfilling custom orders. Wine Valley also offers prefinishing services on site, allowing customers to fully customize their siding and trims.
For further information on Wine Valley, please visit www.winevalleysiding.com
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. Succession Capital 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
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