Succession Capital Inc. announces the acquisition of East Providence, RI’s North American Shoe Co.
June 2, 2016
San Diego, CA / East Providence, RI – June 02, 2016 – Lynx Equity subsidiary, Succession Capital, is excited to announce the acquisition of North American Shoe Co. Established in 1918, North American Shoe Co. is a distributor of men’s, women’s and children’s footwear throughout North America. Its strong national sales team, focused on fashion retail and sporting good stores as well as online channels, gives the company the ability to meet its customers’ requests, whether it is through private label sourcing or with the many brands for which it is the sole distributor. With the assistance of its vendors, North American Shoe Co. also collaborates on footwear designs for some of its retail customers.
The company has a proven track record of financial stability with upwards-trending revenue and consistent margins. “With nearly 100 years in existence, this company has demonstrated its permanence in the marketplace. These results have been a product of strong fundamentals and the ability to be dynamic in an ever-changing industry,” commented Lynx President Brad Nathan. “We are thrilled to have acquired our second company in the footwear space and look forward to capitalizing on synergies where they exist.”
North American Shoe Co. joins the group’s expanding portfolio of forty two companies across North America including Toronto, Canada based Baker Shoe Company, a full-service importer and distributor of shoes and accessories. Other fashion distributors include Fine Line Imports, Sienna Sky and JewelPop.
About North American Shoe Co.
Established in 1918, and headquartered in East Providence, RI, North American Shoe Co. is a footwear wholesaler, catering to the needs of shoe stores, catalogues, sporting goods stores, and Internet sites. It is the sold distributor of several product lines including men’s, women’s and children’s shoes and accessories.
For more information on North American Shoe Co., please visit www.northamericanshoeco.com
About Succession Capital
Based out of San Diego, CA, Succession Capital Inc. is a diversified private equity firm focused on acquiring small to medium-sized businesses from owners looking to retire. It targets acquisitions of companies with EBITDA between $750,000 and $2.5 million and utilizes a buy and hold strategy. With revenue in excess of $300 million, its parent company, Lynx Equity, has been named one of Canada’s Fastest growing companies by PROFIT Magazine for the past two years.
For further information on Succession Capital, please visit www.succession-capital.com
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