L Squared Capital Partners
L Squared Capital Partners, established in 2014, is a private equity firm headquartered in Newport Beach, California, with an additional office in Chicago. The firm specializes in buyouts, recapitalizations, and founder liquidity events, focusing on growth companies in North America. Its investment focus includes technology-enabled services, industrial technology, and education sectors. Within these sectors, the firm targets companies with revenues between $10 million and $100 million, target EBITDA between $3 million and $20 million, and growth of at least 10 percent per year. L Squared typically invests between $15 million and $75 million in equity, seeking majority stakes in its portfolio companies.
Kano Laboratories
Acquisition in 2024
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.
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