Lynx Equity is pleased to announce the acquisition of JD Stål

February 5, 2024

February 5th, 2024 – Toronto, ON/Copenhagen, Denmark – Lynx Equity is pleased to announce the acquisition of JD Steel and JD Stål (“the Company” or “JD Stål”), a distinguished manufacturer and installer of steel structures renowned for its expertise in large infrastructure and construction projects. With this acquisition, Lynx broadens its global footprint and further strengthens its portfolio in the steel fabrication space.  

JD Stål is a leader in the Danish steel manufacturing sector, having built a strong track record and reputation for high quality and timely execution of complex public projects. This reputation is evidenced by the long-standing customer relationships that the Company has with global construction companies. Specializing in the production and installation of diverse steel structures, including bridges, piers, stairways, landings, and buildings, the Company differentiates itself as a specialty contractor through its comprehensive service offering, project management abilities, and reliable quality.  

The acquisition encompasses both JD Steel ApS, serving foreign and domestic construction companies, primarily on government-funded infrastructure projects, and JD Stål, predominantly serving Danish customers. JD Stål's Copenhagen facility, spanning 1,354 m2, serves as a hub for innovation and complex project execution. The Company's ability to handle intricate structural steel projects positions it as a preferred partner for leading contractors and governmental institutions in Denmark.

Ashley Manis, Lynx’s President, Europe, expressed enthusiasm for the acquisition, stating, "JD Stål's impressive track record and commitment to excellence make it an ideal addition to the Lynx family. This acquisition not only expands our global reach but also reinforces the operational synergies we have found in the manufacturing space.”

Morten Jensen and Jesper Ditlevsen, founders and co-CEOs, will play pivotal roles in the continued success of the company under Lynx Equity's ownership. "We are thrilled to be investing in the successful track record that Morten and Jesper have built,” continued Ashley. “They will be wonderful partners for us at Lynx, as well as for our growing Danish portfolio companies.” Both Morten and Jesper will remain with JD Stål for at least three years, ensuring a smooth transition to new ownership for the company, its employees, and customers.

“We are honored to become a part of the Lynx family,” commented Morten and Jesper. “JD Stål’s successful business has been built over several decades, and our goal is to continue this development through ongoing innovation. We are confident that we are in good hands with Lynx and look forward to growing JD Stål together.”

This transaction was facilitated with buy-side legal and accounting advisory by Loeven and Inforevision, respectively. Faqtum M&A served as sell-side advisors.

The acquisition reflects Lynx Equity's ongoing commitment to pursuing strategic opportunities and expanding its portfolio in key industries. Lynx continues to pursue acquisition opportunities across North America and Europe.

About JD Stål

JD Stål, headquartered in Copenhagen, Denmark, is a leading manufacturer and installer of steel structures for large infrastructure and construction projects. Through its entities, JD Steel ApS and JD Stål ApS, the company serves private construction companies, governmental institutions in Denmark, and international clients. With a strong focus on innovation and expertise in executing large-scale structural steel projects, JD Stål has established itself as a trusted partner for leading contractors worldwide. For more information, visit www.jd-staal.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.