Century Park Capital Partners has sold Lynx Grills, a manufacturer of commercial and residential kitchen equipment, to publicly traded Middleby Corp.
Lynx manufactures and markets stainless steel outdoor kitchen products and accessories. The company’s products – sold under the brands Lynx Professional Grills and Sedona by Lynx – include a complete line of outdoor grill platforms, cocktail carts, outdoor refrigerators and other beverage service and storage products. Lynx distributes its products nationwide through a network of national and regional hearth and patio dealers, appliance dealers, specialty retailers and distributors. The company is led by CEO Jim Buch and is headquartered near Los Angeles in Downey, CA (www.lynxgrills.com).
“Lynx has evolved into the leading luxury brand in the outdoor kitchen market. Jim Buch and his team have done a terrific job executing on the opportunity to build a world class company in this space,” said Chip Roellig, Managing Partner with Century Park.
Century Park invests from $10 million to $50 million in middle-market companies that have revenues of $20 million to $100 million and EBITDA of $4 million to $15 million. Sectors of interest include chemicals, medical products and services, business services, industrials, and consumer products. The firm is based in Los Angeles (www.centuryparkcapital.com).
“I am grateful to Century Park for their unwavering support of Lynx, especially through the downturn, their collaborative approach to strategy, and their willingness to take risks and make investments in growth,” said Mr. Buch.
Middleby Corp. (NASDAQ: MIDD), the buyer of Lynx Grills, manufactures commercial cooking equipment, industrial processing equipment, and residential appliances. The company is headquartered outside of Chicago in Elgin, IL (www.middleby.com).
William Blair and Company (www.williamblair.com) was the financial advisor to Lynx on this transaction.
© 2015 PEPD • Private Equity’s Leading News Magazine • 12-18-15