Lynx is pleased to announce the acquisition of Esmay Electric

October, 2024 – Toronto, ON/Lake Havasu City, AZ – Lynx is pleased to announce the acquisition of Esmay Electric (“Esmay” or “the Company”), a specialized electrical contractor focused on solar panel installations, including design and engineering services. With over 40 years of experience in electrical services, Esmay has built a strong reputation within the local community for its quality, reliability, and customer satisfaction. Founded by Greg Esmay, the Company has distinguished itself through its partnerships with premium suppliers and a tenured technical team, managed by their experienced General Manager, Charles Miller.  

“We are excited to welcome Esmay Electric to the Lynx family and enter into the solar energy sector,” said Mujtaba Abidi, Vice President of Mergers & Acquisitions at Lynx Equity Limited. “Their expertise and commitment to customer service has separated them in the marketplace and we look forward to supporting Charles into the leadership role to continue on Greg’s legacy.”

“As the sole owner and operator of Esmay Electric and Solar Power by Esmay Electric since 1979, I felt that it was time for me to retire. I wanted to ensure that the successful and reputable business I worked so hard to build would continue, and with Lynx’ business model, I knew they would be a good fit, not only for Esmay Electric, but also for my many excellent, long-term employees. With Lynx’ approach of maintaining the current work relationships, I am confident that Lynx and my employees will continue to provide top-notch products, workmanship and service to our customers in our tri-state area,” said Greg Esmay, founder of Esmay Electric.

The transaction was facilitated with buy-side legal support from Cassels Brock & Blackwell LLP, accounting services by Segal GCSE LLP, and tax due diligence by MNP LLP.

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

About Esmay Electric

Esmay Electric specializes in solar panel system installations, providing end-to-end services from design to permitting. Founded in 1979, the company has a strong reputation for quality and reliability in both residential and commercial sectors.

To learn more about Esmay, please visit solarbyesmay.com

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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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