Lynx Equity subsidiary, United Fastener, acquires a local competitor

Toronto, ON / National City, CA – September 2024 – Lynx Equity Limited is pleased to announce that its subsidiary, United Fastener, has acquired Topeco Products (“Topeco”), a leading supplier of automotive fasteners and hardware based in National City, California. Founded in 1984, Topeco has earned a strong reputation for its extensive inventory of automotive clips and fasteners, primarily serving auto body and repair shops throughout Southern California. The acquisition creates significant synergies with United Fastener, Lynx’ San Diego-based subsidiary with a track record of success in the fastener wholesale space. Lynx has been able to leverage prior knowledge of this industry throughout the due diligence process and looks forward to a seamless transition as the Company relocates to United Fastener’s facilities upon closing.

“We’re thrilled to add a new arm to our fastener business. Topeco Products built an outstanding reputation in the automotive fastener industry, and we look forward to servicing those customers at United Fastener now.” said Jonathan Lemery, Operations Manager of United Fastener at Lynx Equity Limited.

About United Fastener

Founded in 1964 and acquired by Lynx in 2014, United Fastener has been a trusted provider of fasteners and related products for over fifty years. Serving a diverse client base that includes general construction, sheet metal contractors, trucking, and signage companies, United Fastener is known for its extensive inventory and seasoned staff with nearly 100 years of combined industry experience. Their commitment to customer service and long-standing success in San Diego has positioned them as a reliable partner for retail and wholesale clients alike.

For more information about United Fastener, please visit www.unitedfastenersandiego.com.

About Lynx Equity Limited

With sales exceeding CAD $850M, Lynx Equity Limited is a Toronto-based private equity firm specializing in acquiring small and medium-sized businesses from retiring owners or those seeking strategic partnerships. Lynx targets acquisitions of companies with EBITDA between CAD $1M and $5M, following a buy-and-hold strategy to ensure long-term growth.

To learn more about Lynx, visit www.lynxequity.com.

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