Cognesense Deepens its Worldwide Environmental Technology Platform with the Acquisition of Pioneer Safety Group Brands

Pioneer Safety Group is the fifth acquisition of the Cognesense platform, which is pursuing a buy-and-build strategy within the $50–60 billion Environmental Measurement, Monitoring, and Protection (EMMP) market

Newport Beach – Cognesense, a platform company of L Squared Capital Partners, proudly announces the acquisition of Pioneer Safety Group (“PSG” or the Company), a leading provider of ATEX and IECEx-certified explosion protection, safety systems, and hazardous-area compliance services. This acquisition deepens Cognesense’s capabilities across all four of its environmental impact pillars — protecting the planet, safeguarding public health, preserving natural resources, and driving safety and operational excellence — and marks a significant step in Cognesense’s journey to build the most comprehensive environmental technology platform in the industry.
                 
The addition of Pioneer Safety Group’s brands — Pyroban, Pyropress, Ex-tech, Petrel, and ExSolutions — significantly expands Cognesense’s portfolio of certified explosion protection and physical safety solutions, providing increased value to customers across its nine target industries, including energy, terminals, chemicals, water, aviation, aerospace and defence, infrastructure, power, and food and beverage. The acquisition also extends Cognesense’s worldwide environmental technology footprint by adding substantial manufacturing and engineering capabilities in the UK and Europe, while establishing a powerful platform for continued expansion across the globe.
 
“Pioneer Safety Group represents an exciting opportunity to deepen Cognesense’s product depth and geographical reach. This acquisition underscores our commitment to building a world-class environmental technology platform that helps regulated industries measure, monitor, and protect what matters most. We look forward to supporting the combined team as they continue to drive innovation and growth,” said Sean Barrette, Cognesense Chairman of the Board of Directors and Managing Partner at L Squared.
 
“The acquisition of Pioneer Safety Group aligns with our core strategy of measuring, monitoring, and protecting the environment and the people and communities around it,” said Paul Dhillon, CEO of Cognesense. “Everything we design, manufacture, and service across our portfolio is driven by global regulatory requirements focused on protecting the planet, preserving natural resources, safeguarding public health, and driving safety and operational excellence. PSG’s brands fit squarely within this mission — and with them, Cognesense now owns every layer of the technology stack from sensor to intelligence.”
 
Cognesense remains dedicated to its core values of respect, commitment, transparency, growth, and teamwork. With this acquisition, the company takes another significant step toward realizing its vision of bringing over a century of expertise to its customers — driving innovation, advancement, and education in measurement, monitoring, and protection for a safer, cleaner, and more efficient world.
 
Cognesense expects to complete multiple strategic acquisitions in 2026 across the Environmental Measurement, Monitoring, and Protection market, with a focus on partnering with manufacturers of sensors, instrumentation, and certified safety equipment, as well as providers of monitoring software and analytics platforms.
 
The L Squared deal team is comprised of Sean Barrette, Tyler Huez, Jack Foley, and Adam Mokhtarzadeh.

About Pioneer Safety Group
Pioneer Safety Group, headquartered in the UK, is a global provider of ATEX and IECEx-certified explosion protection, safety systems, and hazardous-area compliance services. Its brands — Pyroban, Pyropress, Ex-tech, Petrel, and ExSolutions — help operators in energy, chemicals, aviation, aerospace and defence, infrastructure, and food and beverage safeguard their people, assets, and operations in the most demanding environments. Going forward, these brands will operate directly as Cognesense brands. www.pioneersafetygroup.com

About Cognesense
Cognesense is a worldwide environmental technology company that engineers trusted intelligence from the physical world, built on products customers have trusted for over a century. Built around four critical areas of impact — protecting the planet, safeguarding public health, preserving natural resources, and driving safety and operational excellence — Cognesense brings together Varec, L&J Technologies, Shand & Jurs, Shand & Jurs Biogas, Sonitus Systems, Pyroban, Pyropress, Ex-tech, Petrel, and ExSolutions under a unified mission: measure. monitor. protect. The company owns every layer of the technology stack from sensor to intelligence, with its Clairvoyance integration platform at the heart, serving nine major industries across the Americas, Europe, and Asia-Pacific. For more information, visit www.cognesense.com.

About L Squared Capital Partners
L Squared Capital Partners is a private equity investment firm headquartered in Newport Beach, CA, with approximately $5.3 billion of cumulative capital commitments that seeks to make long-term investments in leading growth companies operating in targeted sectors: Education Technology, Technology-Enabled Services & Software, and Industrial Technology & Services. L Squared’s unique investor base of family offices and institutions enables the Firm to focus on long-term value creation driven by revenue and earnings growth, not financial engineering or market timing. The principals of L Squared have worked together for nearly 20 years, investing in growing private companies. For more information, please visit www.LSquaredCap.com.

For Additional Information Please Contact:

Paul Dhillon
Chief Executive Officer, Cognesense
Mobile: (949) 300-3600
pdhillon@lsquaredcap.com

Sean Barrette
Managing Partner
Office: (949) 398-0178
sbarrette@lsquaredcap.com

This press release is for informational purposes only and is not intended as investment advice or an offer or solicitation with respect to the purchase of any investment. Investing with any investment firm is suitable only for qualified investors who fully understand the risks of such an investment. L Squared Capital Partners is an investment adviser registered with the United States Securities and Exchange Commission. Registration does not imply a certain level of skill or training. Investments with L Squared Capital Partners are only offered in accordance with applicable securities laws.