Lynx Equity, a Toronto-based private equity firm, has acquired HVAC specialist NRG Equipment. This transaction marks the firm's third acquisition of 2013. Founded in 1993, NRG offers HVAC products for various new construction and renovation applications like residential homes, cottages, assisted living properties, hotels, condominiums and stores, among others. They also provide infrared heating for arena, sporting venue and warehouse heating. Lynx Equity targets transactions between $2 million and $8 million, and focuses on acquiring medium-sized businesses from owners looking to retire.