Lynx Equity has acquired NRG Equipment, a supplier of HVAC products. This is the third acquisition completed by Lynx Equity in 2013. “NRG Equipment is a new platform for Lynx,” said Djenane Cameron, Lynx Partner. “And we look forward to adding more synergistic companies to the group.”
NRG Equipment offers HVAC products for new construction and renovation applications such as residential homes, cottages, assisted living properties, hotels, condominiums, and stores. The company also offers infrared heating products used in arenas, sporting venues, and warehouses. The company was founded in 1993 and is based in Toronto (no website found).
“The potential for steady sales growth and product development in diverse markets made this acquisition a natural fit for Lynx’s diversified portfolio,” said Dustin Mandel, Lynx Partner. “The Pilling family, NRG’s founders, will remain on board, ensuring that NRG continues to provide class leading reliability and customer service, a trademark of the business.
Lynx Equity, a subsidiary of Succession Capital Corporation, acquires small to medium sized companies with enterprise values of C$2 million to C$8 million. Sectors of interest include manufacturing, business services, financial services, industrial products, food and consumer products. The firm is based in Toronto (www.lynxequity.com).
© 2013 PEPD • Private Equity’s Leading News Magazine • 4-4-13