Lynx Equity Ltd. has acquired Yellowhead Wood Products Inc., a wood product re-manufacturer that provides secondary lumber products to Western Canada’s forestry industry.
“Using our experience from Winfield, Lynx’s only other wood re-manufacturing business, we had a good understanding of what makes these businesses successful,” Eric Persi, Lynx vice president of mergers and acquisitions. “YWP possesses many, if not all, of the characteristics that we were looking for in a company operating in this industry. Craig, Ian, and Nathan run a very impressive operation at YWP and we are excited that they have committed to stay on long-term in either full-time or advisory positions.” said
“Our sincere thanks to MNP Corporate Finance Inc., who led the process of finding a buyer for YWP,” said Craig Corser, president of YWP. “Lynx Equity was the right choice for the shareholders and employees. Lynx agreed to continue our Employee Profit Share program, as well as to provide professional support and the long-term perspective needed for further growth and development. We look forward to the association with Winfield Wood and Lath, who have long been an admired competitor. Our thanks to Witten LLP for their experienced guidance and sell-side legal services, and to Gerald Joly for his tax and accounting advice.”
The transaction was facilitated with buy-side legal and accounting services provided by Minden Gross LLP and Deloitte Canada, respectively. BDC Capital’s growth and transition capital division provided $3.5 million dollars in acquisition financing.
“Yellowhead Wood Products Inc. is a dynamic and long-established company that has been experiencing significant growth due to the strength of the construction markets in Canada,” said Mark Lunick, BDT director of growth and transition capital, Southwestern Ontario. “We see an excellent alignment between the company’s strong management team and Lynx, and we think this synergy will be key as they assess further areas of potential growth.”