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 develop mission-critical applications for the world’s largest stealth programs, including the F-35 Joint Strike Fighter. We are excited that the entire Sensor Concepts management team will stay with Raptor Scientific post-closing.
“The Sensor Concepts team has built deep customer relationships by providing world class precision measurement solutions used in mission-critical applications across the Aerospace & Defense sector,” said Sean Barrette, Partner of L Squared. “L Squared’s long term capital base and execution of our M&A strategy will allow Raptor Scientific to assemble a growing portfolio of precision testing and measurement products and solutions that will add more value to the Company’s customer base over time.”
“We are very excited to add Sensor Concepts to the Raptor Scientific family,” said Derek Coppinger CEO of Raptor. “Customers can expect to continue receiving the same great support and technical expertise they have come to experience with Sensor Concepts. This is an excellent acquisition and further establishes us as a leading test & measurement organization”
Vedder Price served as legal counsel to Raptor. Capstone Headwaters served as financial advisor and Hoge, Fenton, Jones & Appel, Inc. served as legal counsel to Sensor Concepts. The L Squared deal team was comprised of Sean Barrette, Tyler Huez, and Preston Lee.
About Raptor Scientific
Raptor Scientific was founded in 2019 by L Squared Capital Partners to consolidate the highly fragmented Aerospace & Defense testing and measurement market. The Company’s platform business units include Space Electronics and Sensor Concepts. For more information, please visit the website: www.raptor-scientific.com.
About Sensor Concepts
Located in Livermore, California, SCI was founded to provide expertise in radar cross-section (RCS) measurements with emphasis on radar systems, data reduction and analysis, algorithm development, and field measurements. SCI provides integrated measurement systems that are highly capable, portable, and easy to operate, thus giving defense sector customers the confidence that their stealth assets are mission ready. For additional information, please visit http://www.sensorconcepts.com/.
About L Squared Capital Partners
L Squared Capital Partners is an investment firm with offices in Newport Beach, CA, and Chicago, IL, that seeks to make long-term investments in leading growth companies that operate in targeted sectors: Tech-Enabled Services & Software, Industrial Technology & Services, and Education Technology. 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.
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