On April 28, 2022, GenNx360 Capital Partners, a private equity firm based in New York, has successfully agreed to sell Salford Group, a manufacturer of tillage and crop nutrition application equipment, to Linamar Corporation for $260 million CAD, pending post-closing adjustments. The transaction's finalization is subject to customary closing conditions. Under GenNx360's ownership, Salford achieved significant organic growth and profitability increases by improving products, instilling operational excellence, and ensuring customer satisfaction with quality products and quick delivery times. Additionally, Salford expanded its operational footprint and diversified its product offerings through the strategic acquisitions of BBI, Aerway, and Valmar. Lloyd Trotter, GenNx360's Founder and Managing Partner, highlighted the successful investment in Salford as evidence of GenNx360's effective strategy, which focused on revenue growth, operational improvements, and exceptional customer service. Geof Gray, President and CEO of Salford, led a strong management team that contributed to this success. The sale is expected to provide continued success for Salford and generate an attractive return for GenNx360's Limited Partners. Legal counsel for the sale was provided by Winston & Strawn, McCarthy Tétrault, and Siskinds, while Lincoln International acted as the exclusive financial advisor for the transaction.