Lynx Equity continues to expand its portfolio and has now announced the opening of three new offices, with locations in the United States and Western Canada. Its first American office, located in San Diego, opened this past January, and the company’s Midwest office, located in Kansas City, will open this July.
Lynx Equity’s US subsidiary, which operates under the name Succession Capital, will focus on acquisitions throughout the United States. It will also oversee the operations of Lynx’s US-based portfolio companies, currently including Bumkins Finer Baby Products, Maverick Express and recently acquired United Fastener and Floor Solutions.
Managing Partners Nathaniel Broughton and Brandon Laughridge will be heading up Succession Capital’s offices along with President Brad Nathan. Earlier this year, Lynx also opened an office in Calgary, Alberta. Led by Vice President – Western Canada, Mathew Burpee, the Calgary office will focus on acquisitions throughout Western Canada.
“We see a tremendous opportunity to expand Lynx’s model into the United States as well as Western Canada. We are regularly approached with potential acquisitions of small to medium-sized businesses in these areas and we look forward to the expansion opportunities that this provides our company,” said Brad Nathan, President of Lynx and Succession. “Nate, Brandon and Mathew all approached us just over a year ago and we have been thrilled to work with them to grow our business.”
Succession Capital announced its first acquisition this past March when it acquired United Fastener (San Diego). This was followed by the purchase in April of Floor Solutions (Portland).
Succession Capital and Lynx Equity continue to pursue investments throughout the United States and Canada, with a focus on buying businesses from owners looking to retire and will continue to utilize a buy and hold strategy.
Succession Capital, a subsidiary of Lynx Equity, seeks to acquire small to medium-sized businesses from owners looking to retire. Succession targets transactions requiring between $2 million and $8 million of equity. The firm is based in La Jolla, CA (www.succession-capital.com).
Lynx Equity 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).
2014 PEPD • Private Equity’s Leading News Magazine • 6-6-14