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Succession Capital buys religious gifts manufacturer H.J. Sherman

Succession Capital, the U.S. investment arm of Canadian private equity firm Lynx Equity, has bought H.J. Sherman Co Inc, a designer, manufacturer and distributor of religious gifts and jewelry. The financial terms of the transaction were not published. Based in Van Nuys, California, H.J. Sherman has served the religious gifts market throughout North America for more than 65 years. The company’s acquisition is the 10th by Lynx and Succession since the beginning of 2014. The Toronto-based Lynx is focused on acquiring small to medium-sized businesses from owners looking to retire.

PRESS RELEASE

Succession Capital Inc., a Subsidiary of Lynx Equity Limited, is Pleased to Announce the Acquisition of H.J. Sherman Company Inc.

July 22, 2014

SAN DIEGO–(BUSINESS WIRE)–Succession Capital Inc., a subsidiary of Lynx Equity Limited, is pleased to announce the acquisition of H.J. Sherman Company Inc., a designer, manufacturer and distributor of religious gifts and jewelry. For over 65 years, H.J. Sherman has served the religious gifts market throughout North America. The company stocks thousands of SKUs, and is a market leader in fashionable and precious metal jewelry. Family-owned since 1948, H.J. Sherman pioneered the West Coast religious gifts market, working closely with manufacturers to produce better quality inspirational products. H.J. Sherman has relationships with several long-term customers, many of which date back over twenty years. The company has a consistent reputation of high quality customer service, good relationships with suppliers and an inventory of unique items not available anywhere else in the market.

“H.J. Sherman is a household name in the religious gifts industry. That takes decades to build, and they’ve done it the right way. We’re honored to be able to join in continuing the Sherman legacy. The company has remained a major player by focusing on service and innovation in its products, while always carrying the staples. Expect that to continue,” commented Succession’s Managing Partner Nathaniel Broughton.

H.J. Sherman is Lynx/Succession’s 10th acquisition of 2014 and joins the group’s expanding portfolio of over thirty-five companies including Nova Scotia, Canada, based jewelry manufacturer JewelPop Inc. Lynx/Succession continues to pursue acquisitions of small to medium-sized businesses throughout Canada and the United States from owners looking to retire.

About H.J Sherman Company
Founded in 1948, H.J Sherman has established itself as a cornerstone of the religious jewelry and gift marketplace by providing a time-honored line of traditional jewelry featuring classic designs as well as original styles and a broad selection of popular gift items, all at an unsurpassed value.
For further information on H.J. Sherman Company, please visit www.hjsherman.com

About Succession Capital
Based out of San Diego, CA, Succession Capital Inc., a subsidiary of Lynx Equity Limited, 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

Succession Capital and Lynx Equity can be followed on LinkedIn, Facebook and Twitter

Contacts

Succession Capital Inc.
Ashley Manis, 416-454-3782
pr@lynxequity.com

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