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  6. Genuine Comfort Acquires NRG Equipment

M&A Deal Summary

Genuine Comfort Acquires NRG Equipment

On October 1, 2020, Genuine Comfort acquired business services company NRG Equipment from Lynx Equity Limited

Acquisition Highlights
  • This is Genuine Comfort’s 1st transaction in the Business Services sector.
  • This is Genuine Comfort’s 1st transaction in Canada.
  • This is Genuine Comfort’s 1st transaction in Ontario.

M&A Deal Summary
Date 2020-10-01
Target NRG Equipment
Sector Business Services
Buyer(s) Genuine Comfort
Sellers(s) Lynx Equity Limited
Deal Type Add-on Acquisition

Target

NRG Equipment

Richmond Hill, Ontario, Canada
NRG Equipment offers HVAC products suitable for various new construction and renovation applications, such as residential homes, cottages, assisted living properties, hotels, condominiums, stores and more. NRG also offers infrared heating for arenas, sporting venues, and warehousing. With a strong focus on continuous growth and integrity, NRG’s customers have come to rely on them for product availability, energy efficient products and immediate response to all requests. NRG Equipment was established in 1993 and is based in Richmond Hill, Ontario,

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Buyer(S) 1

Buyer

Genuine Comfort

Winnipeg, Manitoba, Canada
Category Company
Founded 2010
Sector Distribution
DESCRIPTION

Genuine Comfort supply Canada's Room AC Industry with quality AC units and accessories, including hotels, apartments, condos, and senior living communities. Genuine Comfort was founded in 2010 and is based in Winnipeg, Manitoba.

DEAL STATS #
Overall 1 of 1
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Ontario M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2020 M&A 1 of 1

Seller(S) 1

SELLER

Lynx Equity Limited

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2007
Size Small
Type Sector Agnostic
DESCRIPTION

Lynx Equity Limited is a Canadian private equity firm focused on acquiring small, profitable business with $750K to $2.5 million of EBITDA. The Firm does not have any sector preferences and will consider opportunities throughout North America. Lynx Equity Limited was formed in 2007 and is based in Toronto.

DEAL STATS #
Overall 3 of 4
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 2
State: Ontario M&A 2 of 3
Country: Canada M&A 3 of 4
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-08 DeBenedetto’s Commercial Flooring

Portland, Oregon, United States

DeBenedetto’s is a full-service provider of commercial flooring solutions. The Company prides itself on the quality of its services and strong relationships with clients. It offers carpet, tile, resilient, wood, concrete (including surface preparation), and resinous flooring products and installation. DeBenedetto’s was formed in 2012 and is based in Portland, Oregon.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-31 Yding

Viby J, Denmark

Yding is a commercial cleaning company offering a wide range of cleaning and sanitization services to office, retail and residential customers. Yding was founded in 1981 and is based in Viby J, Denmark.

Buy -
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