Lynx Equity has acquired Port-Style Enterprises, an importer and distributor of kitchenware products. The acquisition of Port-Style is the firm’s 9th acquisition of 2014.
Port-Style is an importer and retail distributor of 30 different kitchen and houseware brands. The company also designs and sells its own branded product line called Kitchen Basics. The company was founded in 1992 and is based near Toronto in Markham, ON (www.portstyle.com).
“Port-Style’s long track record of exceptional customer service and creative product offerings has resulted in an outstanding reputation in the industry,” said Brad Nathan, President of Lynx Equity. “We are delighted to add Port-Style to the Lynx family of companies.”
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).
The buy of Port-Style expands the Lynx portfolio to over 35 companies including wholesale distributors Streamline Art & Frame, JewelPop, Fine Line Imports and Baker Shoe. The total annual revenue of all portfolio companies now exceeds $169 million.
© 2014 PEPD • Private Equity’s Leading News Magazine • 4-14-14