April 3^rd, 2024 – Toronto, ON/ Egtved, Denmark – Lynx Equity is pleased to announce the acquisition of Dan Egtved A/S (“the Company” or “Dan Egtved”), a manufacturer, distributor, and installer of primarily steel-based farming equipment, such as stalls, troughs, feeders, rubber mats, and ventilation systems. The Company provides high-quality stall equipment for farm animals and is one of the leading producers of stall equipment for cows in Denmark and Sweden. The Company’s customer base is comprised of farmers and upstream equipment dealers in the agricultural industry, located in prominent Nordic markets.

“We are very excited to welcome Dan Egtved to the Lynx family of companies, further strengthening our steel fabrication and manufacturing presence in Europe,” commented Klajd Elezaj, Lynx’s Senior Analyst on the transaction. “The Company is highly established, having been founded over 100 years ago by the Andersen Family, and run by a very capable management team, now led by Sten Andersen.”

Sten Andersen, the Company’s current CEO, will remain in his current role for the next few years to ensure a smooth transition to new ownership. The management team and staff are also expected to stay in place long term, in line with Lynx’s strategy for minimal disruption. “It has been a long journey looking for a company that fulfills my hopes of finding someone to take over our family business,” commented Sten Andersen. “We are happy to be joining the Lynx family and I feel both motivated and excited to help establish a new management team in the coming years and ensure the transition is as smooth as possible.”

The transaction was facilitated with buy-side legal support from Loeven Law and tax due diligence by Infotransactions. Business Broker A/S acted for the seller.

Lynx continues to pursue acquisition opportunities throughout North America, Europe, and the United Kingdom.  

About Dan Egtved

Dan Egtved was established by Alfred Andersen in 1922, after he observed innovative binding systems for cows in the USA during World War I. Andersen laid the groundwork for what would become the renowned "Dan bandage," revolutionizing the daily operations of Danish milk producers. Production took place in Svendborg until 1933 when the Company moved to Egtved. The current CEO and owner, Sten Andersen, began working at Dan Egtved in 1984 and is a third-generation descendant of Alfred Andersen. 

To learn more about Dan Egtved, please visit https://dan-egtved.dk/

About Lynx Equity Limited 

With sales in excess of CAD $850M, 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, please visit www.lynxequity.com.

For press inquiries, please email marketing@lynxequity.com.

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