Lynx is pleased to announce the acquisition of Majland Stauder
December 22, 2022
December 22, 2022 – Toronto, ON/Sonder Omme, DK – Lynx is pleased to announce the acquisition of Majland Stauder (“Majland” or “the Company”), a B2B plant nursery located in Sonder Omme, Denmark. For nearly 70 years, Majland has been producing a wide variety of plants for customers across Scandinavia, which include Danish plant retailers, landscapers, and exporters to Sweden, Norway, and Finland. The Company has optimized its production process to produce approximately 1.5 million plants per year, thus, enabling a higher quality of plant production.
The acquisition of Majland is the first of its kind for Lynx, as this is Lynx’s first investment in the horticulture industry. The industry’s historical stability, echoed by the Company’s strong financial performance, made the opportunity appealing as soon as it was presented. Lynx was particularly keen to invest in Majland Stauder due to its reputation for high quality products and excellent customer service, both standout qualities in a relatively fragmented local industry.
“Those who know me may know that owning a nursery is a dream come true,” began Ashley Manis, Lynx’s Vice President of M&A – Scandinavia. “The good news for Lynx is that Majland also happens to be a fantastic business run by a great team! Leif, Erik, and Torben have done an incredible job of maintaining the legacy built by Mr. Majland, the founder, nearly 70 years ago. We look forward to continuing to grow and evolve this business together for many years to come.”
All three sellers will remain in the business for the foreseeable future. While Erik will be appointed CEO, all three will continue to manage the business as a team, as they have always done.
"Continuity has always been a very important element at Majland Stauder,” shared Erik Lauridsen, Leif Rahbek, and Torben Kristensen, the sellers of Majland. “For us, it is about future-proofing the Company in its current form for the benefit of all our customers, suppliers, and employees. We see Lynx as a future strengthening of Majland, which will contribute to its continued evolution. In Lynx, we have found the right owner for Majland Stauder and we look forward to a good collaboration".
Majland joins Lynx’s growing portfolio of business in Denmark. Lynx continues to pursue a variety of acquisition opportunities throughout North America, Europe, and the United Kingdom.
About Majland Stauder
Since 1955, Majland Stauder has been producing a variety of plants for customers based in Denmark, Norway, Finland, and Sweden. Majland is best known for its production of high-quality perennial plants and its wide range of over 1,500 different perennials.
To learn more about Majland Stauder, please visit www.majland.dk
About Lynx Equity Limited
With sales in excess of $650M CAD, Lynx Equity Limited is a diversified Toronto-based private equity firm focused on acquiring small and medium-sized businesses from owners looking to retire or seeking strategic opportunities. Lynx targets acquisitions of companies with EBITDA between CAD $1M - $5M and utilizes a buy-and-hold strategy.
To learn more about Lynx Equity, please visit www.lynxequity.com
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