San Diego, CA / Portland, OR – April 8, 2015 – Succession Capital Inc., a subsidiary of Lynx Equity Limited, is pleased to announce the acquisition of Kitchen Kaboodle, Portland’s premiere kitchenware and furniture retailer. The company operates four locations, totaling 57,000 sq. ft., and offers an unsurpassed selection of the finest furniture and merchandise for cooking, dining and entertaining. Kitchen Kaboodle sells well-known international kitchenware brands such as Soda Stream, Conair, Le Creuset and Whirlpool in addition to a variety of furniture brands and custom-made designs.
“Kitchen Kaboodle has a proven track record as a financially stable company, producing consistent gross margins with upward trending revenues and earnings. These results are a product of the company’s strong fundamentals, branding and visibility in the community,” commented Lynx Associate, Edric Low. “We are thrilled to have acquired our second company in the Portland area and continue to be interested in growing our footprint in the Pacific Northwest.”
This acquisition brings Lynx’s growing portfolio to forty-one companies across North America. Succession Capital now represents over 30% of Lynx’s portfolio, and includes companies in the Pacific Northwest such as Floor Solutions and Wine Valley Siding Supply. Lynx Equity and Succession Capital continue to pursue acquisitions of small and medium-sized businesses throughout Canada and the United States from owners looking to retire.
About Kitchen Kaboodle
Founded in 1975 and headquartered in Portland, Oregon, Kitchen Kaboodle is a retailer of kitchen and home products. The company operates four retail locations throughout the city as well as a growing e-commerce business. Kitchen Kaboodle is known for its ability to understand the preferences of local consumers and provide a tailored product offering including both internationally recognized brands as well as custom orders.
For further information on Kitchen Kaboodle, please visit www.kitchenkaboodle.com
About Succession Capital
Based out of San Diego, CA, Succession Capital Inc. 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. With sales in excess of $250 million, its parent company, Lynx Equity, was recently named one of Canada’s Fastest Growing Companies by PROFIT Magazine.
For further information on Succession Capital, please visit www.succession-capital.com
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