Lynx Equity subsidiary acquires local competitor
April 25, 2016
Toronto, ON /Salt Lake City, UT – April 25, 2016 – Intermountain Total Facility Management has acquired a local competitor based out of Salt Lake City, UT. The business has been operating for 38 years and serves both residential and commercial customers providing handyman services, as well as electrical, plumbing, and carpentry work. It has been a consistently successful company, holding recurring contracts with several national businesses.
Intermountain expanded its offering to include handyman services in late 2013 in response to customers seeking single providers who could offer the full range of commercial maintenance services. This has been its fastest growing line of business since then and the acquisition allows them to continue this rapid growth, while bringing on additional experienced employees who can support the growing base of customers. This also gives Intermountain a larger base in Salt Lake City, a market they entered only in 2013, providing significant, untapped growth opportunities.
With locations in Salt Lake City, Grantsville, and Logan, the Intermountain Group provides facility maintenance services to commercial and residential clients throughout Utah, Wyoming, and Idaho. It offers a full range of customized facility maintenance services including landscaping, snow clearing, janitorial, and handyman services. The Intermountain Group operates under the brand names Turf-it Landscaping, Executive Janitorial and American Maintenance.
For further information on Intermountain, please visit www.am4u.net
About Lynx Equity Limited
With sales in excess of $300M CAD, Lynx Equity Limited is a diversified private equity firm focused on acquiring small and medium-sized businesses from owners looking to retire. Lynx targets acquisitions of companies with EBITDA between $500k and $2M and utilizes a buy and hold strategy.
For further information on Lynx Equity, please visit www.lynxequity.com