Lynx Equity announced its purchase of Valuelight Limited. No financial details about the deal were given.
Lynx Equity is a Canadian private equity firm based in Toronto while Valuelight is a Canadian manufacturer of lighting fixtures. The latter also provides clients with energy efficient solutions for their lighting needs.
Lynx Equity Partner Dustin Mandel said about the acquisition, "As LEDs are increasingly becoming the market standard, Valuelight's reputation for responsiveness to customer needs, along with their innovative product line, make them an ideal addition to the Lynx group of companies."
The acquisition of Valuelight is Lynx's eighth purchase this year. With the purchase, Lynx expands its portfolio to 28 subsidiaries which include Southwest Energy Control Systems, Technilite and other lighting businesses. Lynx President Brad Nation said the company is thrilled with their growth this year. He added, "We project this trend not only to continue, but to be surpassed in the year to come."
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