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SOURCE Generational Capital Markets, Inc.
DALLAS, Oct. 10, 2013 /PRNewswire/ -- Generational Capital Markets, Inc., member FINRA/SIPC, ("GCM") an advisor to privately-held businesses for mergers & acquisitions, is pleased to announce the acquisition of its client, JewelPop, Inc. ("JewelPop"), headquartered in Dartmouth, Nova Scotia, by Lynx Equity, Ltd. ("Lynx"), headquartered in Toronto, Ontario. The transaction closed on August 22, 2013.
Founded in 2007, and based in Halifax, Nova Scotia, JewelPop designs, imports, and distributes a patented interchangeable jewelry system called Kameleon™ and the new interchangeable GemDrops product line. The product lines are unique in the global marketplace, 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," commented Lynx Partner Djenane Cameron. JewelPop's founders, Robert and Allison Smith added, "We are very excited to be partnering with Lynx Equity and look forward to growing this business together". This acquisition follows the recent announcement that Lynx has also acquired fashion wholesaler Fine Line Imports Inc. The two companies join Lynx's rapidly expanding portfolio of over twenty-five subsidiaries, concentrated in the small-to-medium sized business space. Lynx continues to pursue similar acquisitions and looks forward to continued rapid growth for the remainder of 2013.
Vice President, Chris Heckert and Managing Director, Brenen Hofstadter, led the GCM deal team that advised JewelPop, on the transaction. Chris Heckert stated, "This is a great opportunity for JewelPop to continue their path of growth and success, the partnership between Lynx and JewelPop is a perfect fit."
Lynx Equity, Ltd. is a Canadian-based manager of private equity funds. Lynx is a diversified firm focusing on acquiring small and medium-sized business from owners looking to retire. With sales in excess of $130 million, Lynx targets transactions between $2 million and $8 million and utilizes a buy and hold strategy. To read more, visit www.lynxequity.com.
About Generational Capital, LLC
Generational Capital, LLC is a Dallas, TX based merger & acquisition advisory firm. Generational Capital wholly owns Generational Capital Markets, Inc., Member FINRA/SIPC. More information can be found at www.gencm.com. Generational Capital and Generational Capital Markets are affiliated with Generational Equity, LLC. Generational Equity's website is www.genequityco.com and their online newsroom can be found at www.gecpress.com.
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