News

Newport Beach, CA – L Squared Capital Partners (“L Squared”) is pleased to announce the successful closing of a single-asset continuation fund for BTX Precision (“BTX” or the “Company”), a leading high-precision manufacturer of mission-critical components and assemblies.  The platform’s unmatched breadth of additive and subtractive manufacturing capabilities – including milling, turning, laser micro-machining, advanced 3D metal printing, aluminum vacuum brazing, electrical discharge machining, precision cleaning, and a full suite of value-added assembly services – positions BTX as the go-to partner for the most demanding customers in aerospace & defense, space, medical, automation & robotics, and semiconductor markets. The continuation fund was

L Squared is partnering with Functional Devices’ Management to continue the Company’s strong organic growth and accelerate its acquisition strategy Newport Beach, CA – February 23, 2026 – L Squared Capital Partners (“L Squared”) announced today the acquisition of Functional Devices, Inc. (“FDI” or the “Company”), a leading provider of quality field devices for building automation and emergency lighting systems. Functional Devices is best known for its iconic RIB® (Relay in a Box®) brand, which has become the industry standard for reliable, easy-to-install relays, current sensors, power supplies, and other power control products across commercial buildings, data centers, healthcare, and other

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

Investment to fuel organic growth, expand go-to-market, and drive strategic acquisitions Newport Beach, CA – November 4, 2025 – L Squared Capital Partners (“L Squared”) announced today a significant growth investment in Ergo (the “Company”), a technology-enabled geopolitical and strategic intelligence firm. For nearly twenty years, leading corporations, financial institutions, and governments have trusted Ergo’s data-driven insights to help them anticipate global opportunities and risks and shape strategic responses. Ergo marks L Squared’s fifth platform investment from Fund IV, an $840 million fund closed in April 2023. Ergo’s management team will retain a significant ownership stake in the Company, underscoring their long-term

GenesisBPS represents GSI Group’s fourth acquisition since the platform’s formation, bolstering the product portfolio, distribution capabilities and geographic footprint L Squared Capital Partners (“L Squared”) announces its portfolio company, GSI Group Holdings (“GSI Group”), has acquired GenesisBPS, a designer, developer and manufacturer of globally commercialized specialized and proprietary benchtop cell therapy, blood and plasma processing equipment and laboratory consumables. GenesisBPS is the newest addition to GSI Group, a growing family of benchtop equipment and consumables brands serving the life sciences, research & development, industrials, and academia & education markets. GSI Group provides a wide range of essential laboratory consumables, precision benchtop

Newport Beach, CA, August 20, 2025 – L Squared Capital Partners is pleased to announce that its portfolio company, BTX Precision (“BTX” or the “Company”), has acquired High Tech Solutions LLC (“HTS”), a Kansas City based precision manufacturer of aerospace components serving the commercial, business jet, and space end markets. The acquisition marks BTX’s 10th transaction since the platform’s inception, further cementing its position as the nation’s most trusted provider of advanced build-to-print components, seamlessly integrating with industry leaders to drive innovation and shape the future of precision manufacturing. HTS adds substantial value to the BTX platform by broadening its customer

Agio marks Netrio’s fourth acquisition since its 2024 formation, expanding the platform’s capabilities across managed IT, cybersecurity, cyber governance, application development, connectivity, and voice services Newport Beach, CA, – L Squared Capital Partners (“L Squared”) announces its portfolio company, Netrio, has acquired Agio, a New York City-based managed IT and cybersecurity services provider with deep expertise in the financial services sector.  The transaction represents a strategic step in Netrio’s plan to build a scalable, tech-enabled managed services platform with specialized capabilities across targeted industry verticals. Agio’s domain expertise, coupled with its proprietary automation platform, AgioNow, delivering GenAI capabilities, will be deployed across

Chief Executive Officer Kai-leé Berke, Chief Product Officer Heather Wiederstein, and Chief Operating Officer Tia Disick will lead Heggerty in advancing its mission to provide equitable access to transformative literacy instruction. Newport Beach, CA, March 26, 2025 – L Squared Capital Partners is pleased to announce its portfolio company Heggerty has expanded its leadership team with the addition of three seasoned EdTech executives who will oversee company growth through intentional, best-practice-focused innovation. Heggerty is a leading and trusted provider of foundational literacy solutions used in classrooms across nearly 80% of US school districts and this leadership transition marks a bold

BTX Precision initially formed via the combination of three leading manufacturers of precision components Newport Beach, CA, January 28, 2025 – L Squared Capital Partners is pleased to announce that its portfolio company, BTX Precision (“BTX” or the “Company”), has acquired Chandler Industries, marking its ninth acquisition since L Squared commenced the BTX platform build in June 2023. The nine acquired entities have been consolidated into six tightly integrated business units under the BTX corporate infrastructure. The BTX portfolio consists of leading precision manufacturers of mission-critical components and assemblies, supporting the aerospace & defense, medical, semiconductor, and other demanding end

Sonitus Systems and Hidden Brain are the second and third acquisitions of the CogneSense platform, which is pursuing a buy and build strategy within the quickly evolving and fragmented Environmental Sensing and Measuring landscape CogneSense, a platform company of L Squared Capital Partners, proudly announces the acquisition of Sonitus Systems, a leading provider of environmental noise, air quality, and vibration monitoring solutions to protect our public health, and all assets and IP from Hidden Brain, a leading developer of a powerful open IOT platform from sensor to cloud and user application. These strategic acquisitions mark a major step in CogneSense’s

L Squared is partnering with Kano management to continue the Company’s robust organic growth and accelerate Kano’s acquisition cadence Newport Beach, CA, December 18, 2024 – L Squared Capital Partners (“L Squared”) announced today the acquisition of Kano Laboratories (“Kano” or the “Company”).  Kano is an 85-year-old leading provider of premium consumable chemical solutions used predominantly in industrial maintenance, repair, and operations (“MRO”) applications.  This investment represents L Squared’s fourth platform investment in Fund IV, a $840 million private equity fund that closed in April 2023.  Kano products are utilized in the most demanding industries as a trusted solution to save users

Newport Beach, CA – L Squared Capital Partners (“L Squared”) is pleased to announce the closing of a single-asset continuation fund transaction for FineLine Technologies (“FineLine” or “the Company”), a premier provider of variable data solutions to retailers, brands, and manufacturers worldwide. This transaction continues L Squared’s ownership of the Company and reaffirms its commitment to support FineLine’s long-term growth strategy. The new continuation fund acquired L Squared Fund I’s stake in FineLine. L Squared also maintains an investment in FineLine through L Squared Fund III, alongside funds affiliated with Leonard Green & Partners, L.P. The transaction was co-led by

The merger represents a significant milestone for both companies, enabling them to accelerate product innovation, drive growth in new markets, and deliver greater value to existing clients Newport Beach, CA, August 13, 2024 – L Squared Capital Partners is excited to announce the merger of two prominent industry leaders, Foundant Technologies and SmartSimple Software. This strategic combination brings together the strengths of both companies to create an unmatched suite of solutions for the philanthropic, nonprofit, healthcare, and public sectors. Adam Kimura, Partner at L Squared Capital Partners, expressed his enthusiasm for the merger, stating, “We are incredibly proud to facilitate the merger

Standard Crane is the fourth acquisition of the Crane 1 platform under L Squared and the 10th acquisition completed since 2015 Newport Beach, CA, August 7, 2024 – L Squared Capital Partners (“L Squared”) and Crane 1 Services, Inc. (“Crane 1”) are pleased to announce that they have completed the acquisition of Standard Crane & Hoist, LLC (“Standard Crane” or the “Company”). Standard Crane is a leading service and equipment provider of overhead crane inspections, repairs and maintenance, parts, and new crane sales with eight locations across Louisiana, Mississippi, and Texas. The Company has been in business since 1909, when it was started

L&J Technologies is the first acquisition of the CogneSense platform, which will pursue a buy and build strategy within the quickly evolving and fragmented Environmental Sensing and Measuring landscape Newport Beach, CA, July 30, 2024 – L Squared Capital Partners (“L Squared”) and CogneSense are pleased to announce that they have completed the acquisition of L&J Technologies (“L&J”). L&J is the first acquisition made by CogneSense since its founding by L Squared in late 2023. CogneSense, led by Paul Dhillon, is pursuing a buy and build strategy with a focus on combining longstanding, trusted, and leading environmental sensing, measurement, monitoring, and