News

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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Newport Beach, CA, September 10, 2019 –  L Squared Capital Partners (“L Squared”) is pleased to announce that it has committed $60 million of equity to Raptor Scientific, LLC (“Raptor Scientific” or the “Company”) to pursue an aggressive M&A strategy consolidating the highly fragmented Aerospace & Defense focused testing and measurement market.  Raptor Scientific represents L Squared’s ninth platform investment over the last five years. Raptor Scientific’s first acquisition of Space Electronics brings the leading player of mass properties and electronic circuit tester solutions into the portfolio.  These precision measurement solutions are used by Aerospace & Defense OEMs and research
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Newport Beach, CA, May 13, 2019 – L Squared Capital Partners (“L Squared”) has successfully sold its equity interests in Virtium (the “Company”) to Court Square Capital Partners (“Court Square”).  The sale of Virtium represents the third exit for L Squared in the last twelve months.  Founded in 1997 and based in Rancho Santa Margarita, CA, Virtium is a leading solutions provider of customized, ruggedized, and highly engineered industrial grade embedded solid state drive (“SSD”) and memory products.  Virtium’s intelligent networked storage, SSD and memory solutions provide the robust performance, reliability and functionality needed in the most critical industrial IoT (“IIoT”) applications.
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Newport Beach, CA, October 23, 2018 – L Squared Capital Partners announced today that it has sold its ownership interests in Edlio to LLR Partners.  Headquartered in Los Angeles, CA, Edlio is a leading provider of cloud-based software and solutions to the K-12 market. Edlio provides a best-in-class constituent engagement SaaS platform to create and manage Content Management Systems (CMS) for private, public, and charter schools.  The platform manages all aspects of a school’s digital presence and facilitates communication between administrators, teachers, parents, and students. Under L Squared’s ownership, Edlio completed two strategic acquisitions, doubled recurring revenue, opened several offices
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Newport Beach, CA, October 17, 2018 – L Squared Capital Partners is pleased to announce that its portfolio company, Learners Edge, has acquired the Teaching Channel, a subscription-based software platform where teachers can watch, share, and learn new techniques to improve student learning. Used in schools and districts across the country, the Teaching Channel allows teachers to personally direct their self-evaluation and ongoing learning; building their confidence in classroom instruction and boosting their joy of teaching and learning. “We are excited to add the Teaching Channel to the Learners Edge platform,” said Jeff Farrero, L Squared Managing Partner and Learners
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Newport Beach, CA, August 22, 2018 – L Squared Capital Partners is pleased to announce that its portfolio company, FineLine Technologies Inc., has acquired Traderplus, a Durban, South Africa-based service bureau provider of barcode tags and labels. This merger leverages the two service bureau providers’ geographical reach and production capabilities. While FineLine offers 36-hour turn times to primarily North American and European retailers, Traderplus serves South Africa, Australia and China, as well as European markets, with quick turn production. Traderplus represents FineLine’s fourth acquisition since L Squared’s investment in November 2016. “We look forward to enhancing our product and service
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