L Squared Capital Partners

L Squared Capital Partners is a private equity firm founded in 2014 and based in Newport Beach, California, with an additional office in Chicago, Illinois. The firm specializes in investing in buyouts, recapitalizations, and founder liquidity events for growth companies primarily in North America. It focuses on three main sectors: technology-enabled services, industrial technology, and education services. Within technology-enabled services, L Squared targets businesses that integrate technology into their operations, encompassing areas such as business process outsourcing and data management. In industrial technology, the firm looks for specialty electronic products and environmental services, among others. The education sector investments include early childhood to higher education operators and technology. L Squared typically invests between $15 million and $75 million in equity in companies with revenues ranging from $10 million to $100 million and seeks to acquire majority stakes in firms that demonstrate at least 10 percent annual growth.

Sean Barrette

Partner

Matt Borges

Associate

Evan Brainerd

Partner

Jeffrey Farrero

Co-Founder and Managing Partner

Stephen Foley

Senior Associate

Jack Foley

Senior Associate

Robert Healy

Co-Founder and Managing Partner

Tyler Huez

Principal

Randall Hunt

Partner

Elizabeth Hunt

CFO

Casey Jones

Associate

Adam Kimura

Partner

Adam Mokhtarzadeh

Associate

Edmund Montanari

Vice President

Brian Scott

Vice President

11 past transactions

Tripod Preclinical Research

Venture Round in 2021
Tripod Preclinical Research is a Contract Research Organization that specializes in providing preclinical research services to the biopharmaceutical and medical device industries. The company offers a comprehensive range of services, including drug safety evaluation for new chemical entities, food additives, biologics, pesticides, veterinary drugs, and cosmetics. Tripod's expertise encompasses non-human primate disease models, pharmacological efficacy studies, early drug evaluation, and Good Laboratory Practices (GLP) toxicology. Additionally, the organization supports translational medicine and clinical trials, along with biological analysis and the management of biological sample banks. By delivering these services, Tripod aids drug developers and researchers in advancing their projects through the critical early stages of research and development.

Crane 1 Services

Acquisition in 2021
Crane 1 Services specializes in providing inspection, maintenance, and equipment solutions for industrial and commercial users of overhead cranes and hoists. Established in January 2007 by former leaders of a national crane service provider, the company aims to prioritize customer needs and empower employees to deliver exceptional service. Crane 1 Services offers a comprehensive range of products, including cranes, hoists, supporting structures, and electrical control systems. Additionally, the company provides vital services such as inspections, maintenance, repair, design, and installation of overhead crane systems. These offerings help clients meet safety compliance standards, enhance production uptime, and reduce operational costs across various industries, including aerospace, automotive, energy, government, and mining.

MicroPort CRM

Series C in 2021
MicroPort CRM develops solutions for the management of cardiac rhythm disorders and heart failure. MicroPort CRM products include high-voltage defibrillators, cardiac resynchronization therapy devices, and low-voltage pacemakers. MicroPort CRM has about 1000 employees with operations in Clamart, France; Saluggia, Italy; and Santo Domingo, Dominican Republic.

GWS Tool Group

Venture Round in 2019
GWS Tool Group is a manufacturer based in Tavares, Florida, specializing in highly engineered custom, standard, and modified round and insert cutting tools. Founded in 2014, the company serves various industries, including aerospace, defense, automotive, and medical devices. GWS Tool Group focuses on delivering high-quality custom tools in a timely manner and offers a range of products such as carbide cutting tools. Additionally, the company provides services including custom etching, coating, and re-grinding, catering to the diverse needs of its clients in the armament, aerospace, and medical sectors.

GWS Tool Group

Acquisition in 2019
GWS Tool Group is a manufacturer based in Tavares, Florida, specializing in highly engineered custom, standard, and modified round and insert cutting tools. Founded in 2014, the company serves various industries, including aerospace, defense, automotive, and medical devices. GWS Tool Group focuses on delivering high-quality custom tools in a timely manner and offers a range of products such as carbide cutting tools. Additionally, the company provides services including custom etching, coating, and re-grinding, catering to the diverse needs of its clients in the armament, aerospace, and medical sectors.

Raptor Scientific

Private Equity Round in 2019
Raptor Scientific, established in 2019 with significant backing from L Squared Capital Partners, operates in the aerospace and defense sector, focusing on engineering, testing, and measurement products. The company aims to consolidate the fragmented market for testing and measurement solutions. Raptor Scientific specializes in a range of instruments, including those for mass properties, air data testing, pressure, temperature, torque, force measurement, and radar cross-section measurement. Its first acquisition, Space Electronics, took place in September 2019, further enhancing its capabilities in these critical areas.

Kanopy

Private Equity Round in 2018
Kanopy LLC designs and develops video streaming software for education sector. Its platform provides films and documentaries for professors, students, and public libraries. The company’s Kanopy Kids feature provides educational and engaging videos for children of all ages and Kanopy and Libraries feature offers access to a catalog of educational, entertaining, and enriching films. Kanopy LLC was founded in 2012 and is based in San Francisco, California.

United Scope

Venture Round in 2018
United Scope LLC, based in Irvine, California, operates an online store specializing in the sale of microscopes, microscope cameras, and related accessories. The range of products includes various types of microscopes such as compound microscopes for clinical and educational use, special microscopes like darkfield and phase contrast, stereo microscopes for industrial and gemological applications, as well as student microscopes in different configurations. Additionally, the company offers a wide selection of accessories, including eyepieces, Barlow lenses, and illumination equipment. Founded in 1996, United Scope aims to make high-quality microscopes accessible to a diverse customer base, thereby fostering interest in the advancement of science.

Edlio

Venture Round in 2016
Edlio, LLC specializes in developing and managing websites for K-12 schools and districts, providing a cloud-based content management system (CMS) designed to enhance communication between educators, administrators, parents, and students. Founded in 2011 and headquartered in Los Angeles, California, with additional offices in Austin, Texas, and Mexico City, Edlio supports over 4,300 school and district websites nationwide. Its platform includes features such as news updates, calendars, forms, text and email notifications, and tools for managing classes and assignments. The company also offers web hosting, domain registry, training, technical support, and software upgrades, ensuring that schools can effectively engage their communities while maintaining a responsive design that reflects their unique branding.

Learners Edge

Acquisition in 2016
Learners Edge is a leading direct-to-teacher provider of online professional development, continuing education and master’s degree programs for K-12 teachers. s the distance learning model transitioned online, they invested heavily in an online platform that could deliver full course curriculum.

Virtium

Funding Round in 2015
Virtium LLC specializes in designing, manufacturing, and supporting solid-state storage and memory solutions tailored for original equipment manufacturers (OEMs) across various industries. Founded in 1997 and located in Rancho Santa Margarita, California, the company provides a range of products including StorFly, which encompasses SATA and PCIe solid-state storage solutions for demanding industrial applications, and TuffDrive solutions tailored for non-SATA designs. Virtium's offerings are particularly suited for sectors such as communications, networking, energy, transportation, industrial automation, medical, smart cities, and digital signage. The company emphasizes the resilience of its products, which are built to withstand extreme conditions, ensuring reliability in embedded systems. Virtium also prioritizes customer service and technical support, aligning its technology with the evolving needs of embedded designers globally.
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