Succession Capital Inc., a subsidiary of Lynx Equity Limited, announces the acquisition of Floor Solutions LLC.
Portland, OR / San Diego, CA – April 17, 2014 – Succession Capital Inc., a subsidiary of Lynx Equity Limited, is pleased to announce the acquisition of Floor Solutions LLC. (“Floor Solutions”), a Portland, Oregon based commercial flooring distributor. For over twenty-five years, Floor Solutions has been providing its customers with unique and innovative solutions for their commercial flooring needs. Its rich tradition of strong customer service has led to long lasting customer relationships. This, combined with stable revenue and earnings, a strong business model, the opportunity for growth, and above all great people, made Floor Solutions a great fit with the Succession Capital model. “Floor Solutions finds a strong competitive advantage in its people and reputation. Its reputation allows Floor Solutions to work closely with the design community. In addition, it is able to retain the best subcontractors because it is well known for fair treatment and timely payments,” noted Brad Nathan, President of Succession Capital. “We are thrilled to have acquired this company and look forward to its continued success”. Floor Solutions is Lynx Equity / Succession Capital’s 10th acquisition in 2014 bringing total revenue to $189 million.
About Floor Solutions
Founded in 1995, Floor Solutions is a wholesale distributor, installer and maintenance provider of commercial flooring and floor coverings in both Oregon and Washington State. They work directly with architects, designers and general contractors on commercial flooring projects for government buildings, hospitals, universities, airports and senior care facilities. Floor Solutions purchases material directly from manufacturers based on customer specifications and manages the installation process, outsourcing the labor to subcontractors. In addition, they provide maintenance services to support customers subsequent to the initial installation.
For further information on Floor Solutions, please visit www.floorsol.com
About Succession Capital
Based out of San Diego, CA, Succession Capital Inc., a subsidiary of Lynx Equity Limited, is a diversified private equity firm focused on acquiring small to medium-sized businesses from owners looking to retire. Succession Capital targets transactions between $2 million and $8 million and utilizes a buy and hold strategy.
For further information on Succession Capital, please visit www.succession-capital.com
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