L Squared Portfolio Company GWS Tool Group Acquires Taurus Tool & Engineering

L SquaredAdd-on AcquisitionL Squared Portfolio Company GWS Tool Group Acquires Taurus Tool & Engineering

Jan

19

2021

January 19 , 2021 | Posted by Adam Kimura |

L Squared Portfolio Company GWS Tool Group Acquires Taurus Tool & Engineering

Newport Beach, CA, January 19, 2021– L Squared Capital Partners is pleased to announce that its portfolio company, GWS Tool Group (“GWS” or the “Company”), has acquired Taurus Tool & Engineering (“Taurus”).  Taurus is the fourth add-on acquisition since L Squared’s platform investment in GWS in September 2019, and its first in 2021. 

Headquartered in Batavia, IL, Taurus is a leading manufacturer of precision custom cutting tools, primarily in the categories of high-speed steel (“HSS”) and carbide hole making and milling tools. The company’s product capabilities include complex HSS and carbide step tools for aerospace and automotive applications, custom thread-on modular tooling and combination tools for the elimination of multi-tool operations.

“Taurus Tool & Engineering is an obvious match and fit for our organization,” said Rick McIntyre, GWS’ CEO. “On the carbide side, they bring a host of complimentary skill sets to our organization, while bolting on new capability in the areas of high-speed tools and custom modular tooling technology know-how. Previously, GWS has had to bypass certain niches like HSS tooling, and now we can offer our customers and partners in distribution another reason to consolidate with GWS.”

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 the area of custom tooling.  GWS remains committed to the expansion of this value proposition. 

“We continue to experience the precision cutting tool market to be an extremely fragmented landscape and strongly believe we’ll be able to continue to accelerate GWS’ growth and geographic footprint through strategic acquisitions,” said Randall Hunt, Partner at L Squared and GWS Board Member.  “Our goal is to be the partner of choice for custom cutting tool companies such as Taurus when it is time for them to pursue a sale.  We remain committed to providing the necessary capital to aggressively pursue these transactions.”

For Additional Information Please Contact:

Randall Hunt  
Partner
Office: (949) 398-0172
rhunt@lsquaredcap.com
Jeff Farrero  
Managing Partner
Office: (949) 398-0175
jfarrero@lsquaredcap.com
Tyler Huez  
Vice President
Office: (949) 398-0182
thuez@lsquaredcap.com

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 60 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. 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.