News

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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Newport Beach, CA, September 23, 2020 – In just six years from its founding, L Squared Capital Partners (“L Squared” or the “Firm”) has exceeded $1 billion in assets under management, with the closing of L Squared Capital Partners III at just over $500 million. The Firm’s family office friendly structure has hit a chord with large US-based family offices which have supported the Firm and led to an oversubscribed offering for L Squared Capital Partners III LLC (“Fund III”). The effort, completed in the middle of the Covid-19 pandemic, was largely driven by the Firm’s existing investors, however, L
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Newport Beach, CA, February 4, 2020 – L Squared Capital Partners is pleased to announce that its portfolio company, GWS Tool Group (“GWS” or the “Company”), has closed two add-on acquisitions in the first few months since L Squared’s investment in the GWS platform in September 2019.  These two transactions follow the three acquisitions previously announced by GWS.  All five acquired companies provide high performance, custom consumable tooling solutions, serving the aerospace and defense, power generation, automotive and medical sectors. Specifically, we are excited to announce the acquisitions of Intrepid Tool Industries and North American Tool Corporation, both of which
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Newport Beach, CA, December 19, 2019 – L Squared Capital Partners is pleased to announce that its portfolio company, FineLine Technologies Inc., has acquired Consolidated Printing Inc. (“CPI”), a leading provider of printed tickets for professional and collegiate sporting events and major entertainment and event venues throughout the United States. CPI represents FineLine’s fifth acquisition since L Squared’s investment in November 2016. This acquisition marks FineLine’s strategic entry into event management, an industry in which the Company can leverage its advanced data management and RFID capabilities to improve complex ticketing processes. Event management is a core piece of the Company’s
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Newport Beach, CA, November 19, 2019 – Oracle Elevator is pleased to announce its acquisition of Duncan Entrance Systems. Based in South Florida, Duncan Entrance Systems provides automatic door installation, repair and modernization services. This strategic acquisition will now expand Oracle’s service range beyond elevators and escalators and into automated building entrances. This combination will be offered to airports, hospital, universities, and hotels. The acquisition represents Oracle’s 31st acquisition since 2004. Justin Duncan, founder and CEO of Duncan Entrance Systems, had this to say about the acquisition: “I began my career in the elevator industry by working for several OEM’s after serving in
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Newport Beach, CA, September 18, 2019 – L Squared Capital Partners (“L Squared”) and GWS Tool Group (“GWS” or the “Company”) today announced that L Squared has partnered with GWS management to recapitalize the Company.  Financial terms of the transaction were not disclosed. GWS represents L Squared’s tenth platform investment over the last five years.  GWS is a leading provider of high performance consumable cutting tools.  L Squared’s investment provides a long-term capital base to support the Company’s ongoing and rapid evolution. “We are thrilled to partner with the L Squared team to support the continued development of GWS as
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