L Squared Portfolio Company GWS Tool Group Acquires STF Precision

L SquaredAdd-on AcquisitionL Squared Portfolio Company GWS Tool Group Acquires STF Precision




October 21 , 2020 | Posted by Adam Kimura |

L Squared Portfolio Company GWS Tool Group Acquires STF Precision

Newport Beach, CA, October 21, 2020– L Squared Capital Partners is pleased to announce that its portfolio company, GWS Tool Group (“GWS” or the “Company”), has acquired STF Precision (“STF”).  STF is the third add-on acquisition since L Squared’s platform investment in GWS in September 2019. 

Located in North Carolina, STF is a leading manufacturer of precision cutting tools, primarily in the categories of polycrystalline diamond tools (PCD), single-crystal diamond tools (SCD) and Cubic Boron Nitride (CBN).  With the addition of STF, GWS further solidifies its position as the premier multi-disciplinary manufacturer of high-performance cutting tools in the marketplace.

“STF is an ideal fit for our organization,” said Rick McIntyre, GWS’ CEO. “The experience and know-how of the team that we are bolting on, combined with their proprietary manufacturing processes that they have developed over time, will create immense value for GWS customers.  Rotary PCD tooling has been a limited category for GWS for some time, and this fills some of those gaps perfectly,” McIntyre continued.

STF leadership will continue as owners and key executives with GWS going forward.  Jason Ford will continue as the General Manager for the GWS North Carolina manufacturing operations and co-owner, David Novak, will join the GWS leadership team as Director of Systems and Integration.

The continued expansion of GWS by way of acquisitions and constant investment in world class technology, people and equipment has created an unmatched value proposition for customers operating in advanced machining environments, especially in custom tooling.  GWS remains committed to the expansion of this value proposition. 

“The STF acquisition is a continued testament of our investment thesis centered around the fragmented landscape of high-quality precision cutting tool manufactures and further builds GWS’ reputation as the acquirer of choice,” said Randall Hunt, Partner at L Squared and GWS Board Member.  “We have a strong pipeline of additional targets and are committed to providing the necessary resources to aggressively pursue these transactions.”

For Additional Information Please Contact:

Randall Hunt
Office: (949) 398-0172
[email protected]
Jeff Farrero
Managing Partner
Office: (949) 398-0175
[email protected]
Tyler Huez
Vice President
Office: (949) 398-0182
[email protected]
Preston Lee
Office: (949) 398-0184
[email protected]

About GWS Tool Group

GWS Tool Group is a US-based, vertically integrated manufacturer of highly engineered custom, standard, and modified standard cutting tools, primarily servicing the aerospace and defense, power generation, automotive and medical sectors. GWS Tool Group has acquired multiple businesses in the course of its growth which now serve as the respective manufacturing divisions for the Company. 

For additional information, please visit www.gwstoolgroup.com.  

About L Squared Capital Partners

L Squared Capital Partners is an investment firm headquartered in Newport Beach, CA that seeks to make long-term investments in leading growth companies that operate in targeted sectors: Education Technology, Tech-Enabled Services & Software, and Industrial Technology & Services.  Our unique investor base of family offices enables us 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 a decade and have over 70 years of combined experience investing in growing private companies.

For additional information, please visit www.LSquaredCap.com.

Provided 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.