Lynx Equity Limited recently announced that it has acquired Canada based JewelPop Inc. and Lotus Imports Limited.
Founded in 2007, the Jewelry company consists of different designers, importers and distributers of sterling silver jewelry lines based out of Nova Scotia, Canada such as ICE 925, Kameleon, Boudicca, GemDrops and Mirage. The product lines are unique in the global market place, as they are the first jewelry systems to offer interchangeability across the entire spectrum of jewelry design.
“Lynx is proud to be able to carry on the success of a great Canadian jewelry brand. JewelPop has an excellent track record of growth and innovation and we look forward to building on this trend,” said Djenane Cameron, Lynx Partner.
With sales in excess of $130 million, Lynx Equity Limited is a diversified private equity firm focusing on acquiring small and medium sized businesses from owners looking to retire. Lynx target transactions between $2 million and $8 million and utilizes a buy and hold strategy. The company has previously worked with other clients such as …of Things Past, TAG, Streamline Art & Frame, WSI Sign Systems, Topcuts, Baker Shoe Company and many more.
“We are very excited to be partnering with Lynx Equity and look forward to growing this business together,” added Robert and Allison Smith, founders of JewelPop.
By Pia Talwar