GenNx360 Capital Partners Reaches Agreement to Sell Salford Group to Linamar Corporation

During GenNx360’s investment in Salfordthe Company has experienced impressive organic growth and improved profitability through product improvements, the instillation of a culture of operational excellence and continued attention to its customers’ requirements for a high quality product and on time short delivery times. Salford also made three strategic acquisitions during this period, BBI, Aeroway and Valmar, which helped the company expand its operational footprint and create a more comprehensive product portfolio.

“The success of our investment in Salford demonstrates GenNx360’s ability to execute on our investment strategy to significantly increase the company’s revenue and profitability through synergistic acquisitions, operational efficiencies and an unwavering commitment to customer service,” said Lloyd Trotter, Founder and managing partner of GenNx360. management team led by Geof Gray, from Salford President and CEO. We are delighted that this release positions Salford for continued success, while generating an attractive return for GenNx360 sponsors,” added Lloyd.

Winston & Strawn, McCarthy Tétrault and Siskinds acted as legal advisors to Salford. Lincoln International has been the exclusive financial advisor to Salford on this operation.

About GenNx360 Capital Partners
GenNx360 Capital Partners is a private equity firm focused on acquiring business-to-business services and middle-market industrial companies. GenNx360 invests in companies with proven and sustainable business models in growth industries, with the goal of implementing value-added operational improvements to accelerate growth, generate efficiencies and generate strong financial returns. Target industries include outsourced business services, industrial machinery and components, industrial services, automation and industrial technology, packaging products, equipment services, environmental services and food ingredients/equipment/services . GenNx360 was founded in 2006 and is headquartered in New York. www.gennx360.com

About the Salford Group
Salford Group, founded in 1978, is headquartered in Salford, Ont. with three production sites in Canada and two in United States. the Salford The product line includes air and rotary fertilizer spreaders, cover crop seeders and a range of tillage equipment and air flow applicators, aerators, rotary spreaders and range of tillage products. from Salford products are designed and built to be durable, innovative and complementary to mainstream OEM products with distinct performance benefits related to higher productivity, greater efficiency and environmental sustainability. The company has been able to take advantage of technological developments in precision agriculture to allow growers to manage their agricultural production with an ever-increasing degree of resolution. www.salfordgroup.com

For media inquiries regarding this press release, please contact:
GenNx360 Capital Partners
Carmen RojasInvestor Relations Manager
E-mail: [email protected]
Tel: +1 212.257.6772

SOURCE GenNx360 Capital Partners