Lynx Equity acquires Kelowna, British Columbia-based sawmill, lumber wholesaler Winfield Wood & Lath; first acquisition in Western Canada is part of private equity firm's strategy to shift focus from Ontario
May 23, 2014
– Lynx Equity Limited is pleased to announce the recent acquisition of Winfield Wood & Lath Limited, a Kelowna, BC based sawmill and lumber wholesaler. For over 23 years Winfield has been providing its customers with superior products and excellent customer service. With its efficient and technologically advanced equipment, strategic geographic location, and highly qualified employee base with intricate industry knowledge, Winfield has built a long-established reputation for quality among its customers and suppliers.
“Winfield has established an outstanding reputation in its industry through its ability to meet last minute orders and customize products for its customers. This, along with its consistent earnings, strong business model and solid position in the market place, make Winfield a natural fit for the Lynx portfolio and we are thrilled to welcome them to the group,” commented Lynx President, Brad Nathan.
Winfield joins Lynx’ expanding portfolio of over thirty companies as the first Western Canadian acquisition. As it shifts its focus away from primarily Ontario-based acquisitions, Lynx has opened its second Canadian office, located in Calgary, AB. More news will follow shortly on Lynx’ expansion, including offices in San Diego, CA and Kansas City, MS. Lynx continues to pursue acquisitions of small and medium-sized businesses throughout Canada and the United States from owners looking to retire.
Based in central Okanagan in British Columbia, Winfield Wood & Lath is a leading remanufacturing sawmill and lumber wholesaler. For 23 years, they have manufactured products that include lath, dunnage, kiln sticks and blocks, and yard dunnage, which are contrived from rough lumber to create necessary products for the sawmill industry. The wood products are heat-treated, as well as IPPC (International Plant Protection Convention) certified for exporting to the U.S. and overseas markets.
For more information on Winfield, please visit www.winfieldwood.ca
About Lynx Equity Limited
With sales in excess of $200 million, Lynx Equity Limited is a diversified private equity firm focused on acquiring small and medium-sized businesses from owners looking to retire. Lynx targets transactions between $2 million and $8 million and utilizes a buy and hold strategy.
For more information on Lynx Equity, please visit www.lynxequity.com
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Lynx Equity Limited
Ashley Manis, 416-454-3782
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