Lynx Equity Limited’s US subsidiary, Succession Capital Inc., raises **$50 million CAD** in financing from Washington Federal Bank. The funds support term debt, lines of credit, and capital expenditures at a rate of **LIBOR + 2.35%**, marking the company’s largest financing deal to date. The capital will enable expansion and operational growth for Succession Capital.
Lynx Equity’s U.S. arm, Succession Capital, acquires Intermountain Total Facility Services LLC and Executive Facilities LLC. The Utah-based firms offer commercial and residential facility maintenance, including landscaping, snow clearing, janitorial, and handyman services. This deal expands Lynx’s portfolio to 42 companies.
Succession Capital, a subsidiary of Lynx Equity, acquires Sienna Sky Jewelry, a Longmont, Colorado-based manufacturer and distributor of fashion jewelry. The deal expands Succession’s portfolio, which already includes over 35 companies, such as JewelPop and H.J. Sherman. This marks the firm’s second acquisition this month.
Succession Capital acquires Sienna Sky Jewelry, expanding its portfolio in the luxury retail sector. The deal strengthens Succession Capital’s presence in high-end consumer goods. Sienna Sky specializes in fine jewelry and accessories, catering to affluent customers.