News

BTX Precision initially formed via the combination of three leading manufacturers of precision components Newport Beach, CA, February 20, 2024 – L Squared Capital Partners (“L Squared”) is pleased to announce the formation of BTX Precision (“BTX”) to continue an accelerated consolidation thesis in the highly fragmented North American precision components landscape.  L Squared commenced this consolidation thesis with the acquisition of ERA Industries followed by the acquisitions of Gen-El-Mec and i3DMFG.  BTX launches as an integrated family of customer-centric, precision manufacturing organizations with a nationwide footprint spanning more than 175,000 square feet of state-of-the-art equipment and engineering expertise necessary
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Newport Beach, CA, November 15, 2023 – L Squared Capital Partners (“L Squared” or “the Firm”) is thrilled to announce that it recently held the final closing for its fourth private equity fund (“Fund IV”), at $840 million.  L Squared fully committed its $505 million third fund earlier this year with the investment in ERA Industries. Since its founding in July of 2014, L Squared has now raised four funds and accepted commitments of over $2 billion from its investors.  This fundraise received strong support from existing investors and was supplemented by several new high-quality limited partners that included
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Investment will support product expansion in core and adjacent markets Newport Beach, CA, February 15, 2023 – L Squared Capital Partners (“L Squared”) is excited to announce today that it has made a significant growth investment in Foundant Technologies (“Foundant”), a leading provider of mission-critical software solutions for the philanthropic sector. The company provides a suite of purpose-built, comprehensive software solutions that allow philanthropists to simplify their daily operations and have a greater impact on their communities. “Foundant has been at the forefront of the technology-driven transformation of the philanthropic sector,” said Adam Kimura, a Partner at L Squared. “We
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GSI Group Holdings is a global platform of leading providers of laboratory consumables and equipment serving the scientific, academic, and industrial sectors L Squared Capital Partners announced today the acquisition of Globe Scientific, a leading provider of laboratory consumable supplies. Globe Scientific is L Squared’s third acquisition as part of GSI Group Holdings. GSI Group is a collection of leading brands serving the biotech, clinical diagnostics, life sciences, education, and industrial sectors. With more than $100 million in revenue, GSI Group’s brands collectively offer a broad array of mission-critical lab-related consumable supplies, benchtop equipment, and related accessories. GSI Group has an
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MIAMISBURG, Ohio–Crane 1 Services Inc. is pleased to announce that on February 18, 2022, it purchased the assets of D&S Hoist & Crane, LLC. (D&S), a leading service and equipment provider of overhead crane inspections, repairs and maintenance, parts, equipment and below the hook refurbishment in the greater Pittsburgh market. D&S has been in business since 1998, when it was started by Del and Steve Celaschi as a family run business. The combination of Crane 1 and D&S offers our collective team an enhanced value proposition including exceptionally talented teams, complementary service offerings and differentiated equipment solutions. We will deliver
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The pending sale marks the seventh overall exit since L Squared’s formation in 2014 November 22, 2021 08:00 AM Eastern Standard Time NEWPORT BEACH, Calif.–(BUSINESS WIRE)–L Squared Capital Partners announced today that Sandvik is acquiring GWS Tool Group, a leading provider of highly engineered consumable cutting tools. GWS will be reported in Walter, a division within the business area Sandvik Manufacturing and Machining Solutions. The acquisition of GWS will support Walter’s growth strategy in North America and strengthen its solid carbide tools offering. This acquisition represents a strategic opportunity to increase Walter’s and GWS’ respective positions in the manufacturing
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L Squared is partnering with Heggerty management and existing investor Pondera Holdings to accelerate Heggerty’s impact on literacy outcomes NEWPORT BEACH, Calif.– L Squared Capital Partners (“L Squared”) announced today that it is leading the recapitalization of Literacy Resources, LLC d/b/a Heggerty. Heggerty is a leading early childhood literacy solutions provider offering a comprehensive suite of phonemic and phonological awareness solutions. Heggerty’s product offering is anchored by its daily systematic phonemic and phonological awareness curriculum delivered in print and digital modalities that are used by more than 250,000 educators spanning from early pre-K to 5th grade. Heggerty has supplemented its foundational
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Sterling Trading Tech is a leading provider of professional trading technology solutions for the global equities, options, and futures markets NEWPORT BEACH, Calif. — L Squared Capital Partners (“L Squared”) is pleased to announce the acquisition of Chicago, IL based Sterling Trading Tech (“STT” or the “Company”) from LLR Partners and other investors, a leading SaaS provider of financial technology for the global capital markets. The investment represents L Squared’s fourth platform investment in Fund III, a $505 million private equity fund that closed in September 2020. STT’s management also participated in the acquisition. Sterling Trading Tech offers complete trading
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L Squared to partner with Lumaverse and existing investor PSG to accelerate organic and inorganic growth NEWPORT BEACH, Calif.–L Squared Capital Partners (“L Squared”) announced today that it is leading a recapitalization of Lumaverse Technologies (“Lumaverse”), one of the leading providers of constituent management and engagement software for education, nonprofits and businesses, alongside existing investor PSG, a leading growth equity firm partnering with middle-market software and technology-enabled services companies. Lumaverse is comprised of a suite of software solutions that help solve volunteer, membership, event and fundraising management challenges. The company empowers groups to build lasting connections
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NEWPORT BEACH, Calif.–L Squared Capital Partners (“L Squared”) is pleased to announce the acquisition of Miamisburg, Ohio based Crane 1 (“Crane 1” or the “Company”), one of the largest providers of overhead Crane MRO services and equipment in the United States from Pfingsten. The investment represents L Squared’s second platform investment in Fund III, a $505 million private equity fund that closed in September 2020. Crane 1 is a proven M&A platform operating in the highly fragmented $3 billion market for overhead crane MRO services and equipment, having completed six acquisitions in the last five years. Crane 1 is the
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Newport Beach, CA, April 20, 2021– L Squared Capital Partners is pleased to announce that its portfolio company, GWS Tool Group (“GWS” or the “Company”), has acquired CJT Koolcarb, Inc. and its PCD operating subsidiary, GenHam Diamond Tools (collectively “CJT”).  CJT is the second acquisition in 2021 for GWS and the fifth add-on acquisition since L Squared’s platform investment in GWS in September 2019.  Located in Carol Stream, IL, CJT is an industry leader in the manufacturing of carbide and carbide-tipped drills and reamers. The company has a long legacy of producing high performance holemaking products for a variety of
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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
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TAMPA, FL & ATLANTA, GA – Oracle Elevator (“Oracle”), an L Squared Capital Partners (“L Squared”) portfolio company, is pleased to announce that it has acquired Atlanta based Premier Elevator (“Premier”), one of the most highly respected independent elevator companies in the country.  Premier has a strong presence across Georgia, Florida, North Carolina, South Carolina, and Tennessee and will further enhance the combined company’s position as the leading independent alternative to the multinational elevator companies.  Wallace Bertschin, Hugh Bertschin, and Robert Barber have joined Oracle’s senior management team and will remain material owners in the combined company. Phil Reid after
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Newport Beach, CA, October 27, 2020 –  L Squared Capital Partners (“L Squared”) is pleased to announce that its portfolio company, Raptor Scientific (“Raptor”), has acquired Sensor Concepts, Inc. (“Sensor Concepts” or the “Company”) as it continues to pursue an aggressive M&A strategy consolidating the highly fragmented Aerospace & Defense testing and measurement product market.  Sensor Concepts represents Raptor Scientific’s second platform acquisition in its first year of operation. Sensor Concepts is the leading Tier II designer and manufacturer of radar cross-section (RCS) instruments and measurement services.  These solutions are used by Aerospace & Defense OEMs and research organizations to
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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
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