L Squared Platform, Kano Labs, Acquires CAIG Laboratories, Creator of DeoxIT; Seeks Additional Acquisitions to the Kano Platform

Newport Beach, CA – L Squared Capital Partners is pleased to announce that its portfolio company, Kano Laboratories (“Kano”), a leading provider of premium branded consumable chemical solutions, has acquired CAIG Laboratories (“CAIG”), the industry leader in electronic deoxidation, contact cleaners, enhancers and protectants and best known for its DeoxIT brand along with unique electrical, mechanical and marine greases. The acquisition unites leading brands with a shared commitment to performance, reliability, and innovation.
 
Founded in 1956 and headquartered in Poway, California, CAIG specializes in the production of chemicals that are used to clean, restore, and protect electronic connections. CAIG’s DeoxIT brand is widely used across a range of end markets and applications where equipment reliability and signal integrity are critical.
 
“DeoxIT is a highly respected brand with strong credibility in electronic end markets, and CAIG’s reputation for quality has been earned over seventy years,” said Mark Klein, Chief Executive Officer of Kano Laboratories. “We are excited to welcome CAIG to the Kano family and to build on its legacy through continued product innovation and expanded commercial reach. We look forward to remaining an acquirer of choice for founder-owned premium consumable chemical businesses.”
 
“This partnership is an important next step for CAIG’s end users, customers, and suppliers,” said Mark Lohkemper, President and Chief Executive Officer of CAIG Laboratories. “Kano has a proven track record of accelerating growth for best-in-class brands while preserving the legacy and quality standards that build long-term trust. We are confident Kano is the ideal partner to help expand DeoxIT on a global scale.”
 
“The DeoxIT product line is a strong complement to Kano’s leading Kroil and Super Lube brands,” said Randall Hunt, Managing Partner at L Squared. “We see significant opportunity to support continued growth through expanded distribution and cross-selling across Kano’s global, omnichannel customer base.”
 
This transaction represents Kano’s first add-on acquisition since partnering with L Squared and supports the Company’s strategy to expand its portfolio of premium branded chemical solutions in complementary end markets. Kano is actively seeking to partner with additional businesses to further expand its portfolio of premium branded products.
 
Skadden, Arps, Slate, Meagher & Flom LLP served as legal advisor to Kano, and Solomon Ward Seidenwurm & Smith LLP served as legal advisor to CAIG Laboratories.

For Additional Information Please Contact:

Randall Hunt
Managing Partner
rhunt@lsquaredcap.com

Brian Scott
Principal 
bscott@lsquaredcap.com

Matt Borges
Senior Associate
mborges@lsquaredcap.com

About CAIG Laboratories
Founded in 1956, CAIG Laboratories is a family-owned manufacturer of high-performance maintenance chemicals used in electronics, electrical systems, and precision mechanical applications. The company’s flagship DeoxIT product line is widely trusted by technicians and engineers to clean, protect, and enhance the performance of critical electrical connections. CAIG supports customers worldwide with solutions designed to improve reliability, extend equipment life, and optimize performance. For more information, please visit www.caig.com.

About Kano Labs
Kano Labs is a leading manufacturer of premium specialty chemical products for industrial, professional, and specialty trade applications. Its flagship Kroil brand is renowned for high-performance penetrating oils and maintenance solutions used across industrial maintenance, repair, and operations (“MRO”) applications. The Super Lube brand offers a broad portfolio of synthetic lubricants and greases designed for demanding industrial and professional environments. Together, Kroil and Super Lube provide trusted, high-quality solutions known for reliability, performance, and innovation worldwide. For additional information, please visit www.kanolabs.com.

About L Squared Capital Partners
L Squared Capital Partners is a private equity investment firm with over $2 billion of equity commitments under management. Headquartered in Newport Beach, CA, L Squared seeks to make long-term investments in leading growth companies operating in targeted sectors: Education Technology, Tech-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 over 15 years and have more than 125 years of combined experience investing in growing private companies.  For additional information, please visit www.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 that 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. Investments with L Squared Capital Partners are only offered in accordance with applicable securities laws.