L Squared Capital Partners is a private equity firm established in 2014 and headquartered in Newport Beach, California, with an additional office in Chicago, Illinois. The firm focuses on investing in growth companies across three primary sectors: technology-enabled services, industrial technology, and education. Within technology-enabled services, it targets businesses that integrate technology into their operations, including areas such as business process outsourcing, marketing services, and data management. In industrial technology, the firm looks for investments in specialty electronic products, sensors, and environmental services, among others. The education sector focus includes early childhood, K-12, and higher education operators, as well as educational technology and content providers. L Squared Capital Partners typically invests between $15 million and $75 million in equity in companies with revenues ranging from $10 million to $100 million and aims for majority stakes in its portfolio companies. The firm primarily targets investments in North America.
Kano Laboratories Inc. is a manufacturer based in Nashville, Tennessee, specializing in industrial-strength penetrating oils and lubricants. Established in 1939, the company produces a range of products designed for industrial maintenance, repair, and operations, as well as for professional specialty trades and consumer markets. Its offerings include penetrants, degreasers, industrial lubricants, and engine cleaners, all of which are formulated to effectively loosen rusted, corroded, or frozen mechanical parts. The company has gained a loyal following for its Kroil/AeroKroil brand, which is particularly popular among professionals for its effectiveness in addressing challenging maintenance issues.
Foundant Technologies
Acquisition in 2023
Foundant Technologies, Inc. specializes in developing software solutions for grant and scholarship management, primarily through its Grant Lifecycle Manager (GLM) system. Founded in 2006 and based in Bozeman, Montana, the company serves a diverse clientele that includes grant makers, community foundations, grant seekers, and scholarship providers. Its software streamlines the grant proposal process by automating various tasks such as online applications, grant reporting, donor management, and tracking deadlines. This technology is designed to help users efficiently manage their responsibilities, allowing them to devote more time to their core missions. Foundant Technologies focuses on serving a wide range of sectors, including arts and humanities, government organizations, and public charities, thus supporting the philanthropic community in achieving their goals.
Globe Scientific
Acquisition in 2022
Globe Scientific is a recognized manufacturer and supplier of laboratory consumable supplies, including plasticware, glassware, and bench-top equipment. The company serves a diverse range of sectors, such as clinical, research, hospital, veterinary, education, and kit manufacturing markets. Its product offerings include essential items like beakers, capillary tubes, health and safety equipment, funnels, and various types of laboratory glassware. Globe Scientific is noted for its commitment to high-quality products and exceptional customer service, which has earned it a strong reputation within the industry.
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.
Sterling Trading Tech
Acquisition in 2021
Sterling Trading Tech is a prominent provider of professional trading technology solutions focused on the global equities, equity options, and futures markets. The company serves over 100 clients, including leading brokers, clearing firms, and proprietary trading groups across more than 20 countries, offering tailored solutions to meet diverse client needs. Sterling Trading Tech specializes in trading platforms, order management systems, and risk management products, ensuring fast and reliable technology complemented by exceptional customer service. Additionally, the company provides white labeling options for its platforms and products, allowing clients to enhance their brand identity while benefiting from advanced trading infrastructure.
Crane 1 Services
Acquisition in 2021
Crane 1 Services is a specialized provider of overhead crane maintenance, repair, and operations (MRO) services and equipment, aiming to enhance safety, minimize liability, and reduce maintenance expenses while boosting overall productivity. The company delivers a comprehensive range of services, including OSHA-mandated inspections, maintenance, and repair, as well as the design and installation of overhead crane systems and below-the-hook lifting devices. Additionally, Crane 1 manufactures a variety of overhead cranes, hoists, and supporting structures tailored for industries such as aerospace, automotive, energy, and mining. To further support its clientele, the company has introduced an ecommerce platform, Hoist Central, which offers hard-to-find controls and parts with a commitment to high-quality service.
MicroPort CRM
Series C in 2021
MicroPort CRM is a leading company in Cardiac Rhythm Management, headquartered in Clamart, France. As a subsidiary of MicroPort Scientific Corporation, it specializes in the development, manufacturing, and marketing of advanced medical devices for managing cardiac rhythm disorders and heart failure. The company's product portfolio includes cardiac pacemakers, implantable cardiac defibrillators, cardiac resynchronization systems, and ECG diagnostic solutions. With a strong focus on research and development, MicroPort CRM aims to provide innovative treatments for arrhythmias and heart failure, responding to the growing global demand for effective cardiac care solutions driven by an aging population. Manufacturing facilities are located in Clamart, France, Saluggia, Italy, Santo Domingo, Dominican Republic, and Shanghai, China.
GWS Tool Group
Venture Round in 2019
GWS Tool Group, based in Tavares, Florida, is a manufacturer of highly engineered cutting tools, including custom, standard, and modified standard round and insert tools. Established in 2014, the company primarily serves industries such as aerospace, defense, automotive, and medical devices. GWS Tool Group specializes in rotary cutting and industrial tools, providing products that meet specific client requirements. In addition to manufacturing, the company offers custom etching, coating, and re-grinding services, ensuring high-quality solutions delivered in a timely manner.
GWS Tool Group
Acquisition in 2019
GWS Tool Group, based in Tavares, Florida, is a manufacturer of highly engineered cutting tools, including custom, standard, and modified standard round and insert tools. Established in 2014, the company primarily serves industries such as aerospace, defense, automotive, and medical devices. GWS Tool Group specializes in rotary cutting and industrial tools, providing products that meet specific client requirements. In addition to manufacturing, the company offers custom etching, coating, and re-grinding services, ensuring high-quality solutions delivered in a timely manner.
Raptor Scientific
Private Equity Round in 2019
Raptor Scientific, founded in 2019 with backing from L Squared Capital Partners, aims to consolidate the fragmented testing and measurement market within the aerospace and defense sectors. The company focuses on manufacturing engineering, testing, and measurement products tailored for various industries, including aerospace, defense, space, and marine. Its specialized offerings include instruments for mass properties, air data test technology, as well as pressure, temperature, torque, and force measurement. Additionally, Raptor Scientific provides radar cross-section measurement instruments, enhancing its portfolio in the critical areas of testing and measurement for high-stakes applications. The company's first acquisition was Space Electronics, completed in September 2019, marking a significant step in its growth strategy.
Kanopy
Private Equity Round in 2018
Kanopy LLC operates a video streaming platform tailored for public libraries and educational institutions, providing access to over 30,000 films and documentaries. Founded in 2012 and based in San Francisco, California, Kanopy partners with filmmakers and distributors to curate award-winning collections, including titles from The Criterion Collection and PBS. The platform features a specialized section for children, called Kanopy Kids, which offers educational and engaging content suitable for various age groups. By utilizing flexible payment models, Kanopy enables libraries to provide streaming services to their communities, charging only for the films that patrons actually view and the value generated.
United Scope
Venture Round in 2018
United Scope LLC operates an online store specializing in the sale of microscopes, microscope cameras, and various accessories. Founded in 1996 and based in Irvine, California, the company offers a diverse range of products, including compound microscopes for clinical, veterinary, laboratory, and educational purposes, as well as specialized microscopes such as darkfield, phase contrast, and EPI-fluorescence models. Additionally, United Scope provides stereo microscopes suitable for industrial inspection, gemology, and mineralogy, along with a selection of student microscopes in various configurations. The company also supplies essential accessories, including eyepieces, Barlow lenses, illuminators, and immersion oils. United Scope is committed to making high-quality microscopes accessible to a broad audience, thereby fostering interest in the advancement of science.
Edlio
Venture Round in 2016
Edlio, LLC is a technology company that specializes in developing and managing websites for K-12 schools and districts. Founded in 2011 and headquartered in Los Angeles, California, with additional offices in Austin, Texas, and Mexico City, Edlio provides a cloud-based content management system (CMS) that allows schools to create responsive websites tailored to their branding. The CMS includes features such as news updates, calendars, forms, text and email notifications, and tools for managing classes and homework, aiming to enhance communication between teachers, administrators, parents, and students. Additionally, Edlio offers domain registration, web hosting, training, technical support, software upgrades, and product launches. The company serves a diverse clientele, including public schools, private schools, charter schools, and district management organizations, powering over 4,300 school and district websites across the nation.
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 is a designer and manufacturer of solid state storage and memory solutions tailored for original equipment manufacturers (OEMs) across various industries. Founded in 1997 and headquartered in Rancho Santa Margarita, California, the company specializes in embedded SSDs and DRAM memory modules that cater to demanding environments, such as communications, networking, energy, transportation, industrial automation, medical, smart cities, and video signage. Its product offerings include StorFly, which provides SATA and PCIe solid state storage solutions for industrial embedded applications, and TuffDrive, designed for applications requiring modest storage in non-SATA configurations. With distribution centers in multiple countries, Virtium is committed to delivering innovative hardware capable of withstanding extreme conditions, thereby supporting the evolving needs of embedded system designers. The company emphasizes strong customer service and technical support to ensure that its technologies align with application roadmaps.
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