M&A Deal Summary

Lynx Equity Limited Acquires Granite Electric

On July 13, 2022, private equity firm Lynx Equity Limited acquired communications company Granite Electric

Acquisition Highlights
  • This is Lynx Equity Limited’s 1st transaction in the Communications sector.
  • This is Lynx Equity Limited’s 31st transaction in Canada.
  • This is Lynx Equity Limited’s 2nd transaction in Alberta.

M&A Deal Summary
Date 2022-07-13
Target Granite Electric
Sector Communications
Buyer(s) Lynx Equity Limited
Deal Type Buyout (LBO, MBO, MBI)

Target

Granite Electric

Calgary, Alberta, Canada
Granite Electric is an electrical contractor specializing in the telecommunication sector. Granite Electric manages fiber optic and COAX installations ranging from fiber-to-the-premises, all the way to the last-mile end-users. Granite provides end-to-end services across indoor and outdoor dwellings, building interior conduit systems, and constructing pathways into both residential and commercial buildings. Granite Electric was founded in 1993 and is based in Calgary, Alberta.

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Buyer(S) 1

Buyer

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 45 of 51
Sector (Communications) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 45 of 50
State (Alberta) 2 of 2
Country (Canada) 31 of 33
Year (2022) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-04 Obel-P

Herning, Denmark

Obel-P is an equipment manufacturing business that specializes in the production of automation equipment for the wood industry. The Company’s automation solutions aim to decrease the reliance on human capital in their customers’ production processes. Its product lines include mounting machinery designed to move wooden components along the assembly line as well as high-frequency presses and generators used to combine individual components at the end of the production process. Obel-P was formed in 1956 and is based in Herning, Denmark.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-13 Excellent Signs

London, Ontario, Canada

Excellent Signs provides turnkey services to its clients by offering everything from initial design consultation all the way to post-installation maintenance. Excellent Signs was founded in 1983 and is based in London, Ontario.

Buy -
Mergr

Product

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