L Squared Capital Partners Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, L Squared Capital Partners has acquired 7 companies. It has also invested in 2 others.

L Squared Capital Partners’ most common sectors for investment areeducation (12%) and information technology (12%) . The Firm’s most common investment types include secondary buyout (36%) and recapitalization (24%). In total, L Squared Capital Partners has invested in 11 US states.

In the last 3 years, L Squared Capital Partners has exited 4 companies. The Firm’s most common exit type is trade sale (67%). L Squared Capital Partners’ largest (disclosed) exit occurred in 2024 when it sold Raptor Labs Holdco for $655M.

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M&A Summary

  • M&A Total Activity23
    • M&A Buy Activity17
    • M&A Sell Activity6
  • Total Sectors Invested 13
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 8
  • M&A Advisors 9

L Squared Capital Partners

L Squared Capital Partners

3434 Via Lido Suite 300,
Newport Beach, California 92663
United States
(949) 398-0168
www.lsquaredcap.com
info@lsquaredcap.com

L Squared Capital Partners is a private investment group focused on long-term investments in lower middle-market growth companies with $15 to $100 million in revenue. The Firm looks to commit $30 to $100 million per transaction and will consider opportunities throughout North America. Sectors of interest include tech-enabled services, industrial technology, and education. L Squared Capital was established in 2014 and is headquartered in Newport Beach, California.


Investment Criteria

Sectors of Interest: Business Services, E-Commerce, Education, Financial Services, Information Services, Information Technology, Internet Software and Services, Machinery, Manufacturing, Marketing, Medical Products, Software, Technology Hardware, Test/Measurement Equipment

Target Transaction Types: Buyout (LBO, MBO, MBI), Consolidation, Growth Capital, Recapitalization, Secondary Buyout

Geographic Preferences: East US, Midwest US, South US, West US, Canada

Transaction Criteria Min Max
Target Revenue 15 100
Target EBITDA 3 25
Investment Size 30 100
Enterprise Value - -
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (1.8/yr) # 8 - 4 - 1 4 17
Sell (1.0/yr) # 1 1 2 - - 2 6
vol $1.2B $1.2B
  23

Most Recent M&A

Company Date Value Type
Kano Laboratories LLC 2024-12-18 - Secondary Buyout
Nashville, Tennessee · www.kanolabs.com
TeachTown, Inc. 2024-07-04 - Secondary Buyout
Woburn, Massachusetts · www.teachtown.com
Raptor Labs Holdco LLC 2024-05-28 655M USD Trade Sale
Berlin, Connecticut · www.raptor-scientific.com
Elevated Facility Services Group 2024-04-15 570M USD Trade Sale
Tampa, Florida · www.elevatedfacilityservices.com
BTX Precision, Inc. 2024-02-20 - Consolidation
Elk Grove Village, Illinois · www.btxprecision.com
SUCCESS Computer Consulting, Inc. 2024-01-01 - Growth Capital
Golden Valley, Minnesota · www.successcomputerconsulting.com
Foundant Technologies, Inc. 2023-02-15 - Growth Capital
Bozeman, Montana · www.foundant.com
GWS Tool Group 2021-11-22 - Trade Sale
Tavares, Florida · www.gwstoolgroup.com
Literacy Resources LLC 2021-09-29 - Recapitalization
Oak Park, Illinois · www.heggerty.org
PTS Financial Technology LLC 2021-09-08 - Secondary Buyout
Chicago, Illinois · www.sterlingtradingtech.com
View All >>

M&A by Sector

Sector Current # Value All-time # Value
Education 1 (9%) - 2 (12%) -
Information Technology 2 (18%) - 2 (12%) -
Internet Software and Services 2 (18%) - 2 (12%) -
Manufacturing 1 (9%) - 2 (12%) -
Business Services - - 1 (6%) -
Chemicals 1 (9%) - 1 (6%) -
Financial Services 1 (9%) - 1 (6%) -
Machinery 1 (9%) - 1 (6%) -
Media - - 1 (6%) -
Medical Products 1 (9%) - 1 (6%) -
Software 1 (9%) - 1 (6%) -
Technology Hardware - - 1 (6%) -
Test/Measurement Equipment - - 1 (6%) -
Total 11 - 17 -

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 11 (100%) - 17 (100%) -
  Illinois 3 (27%) - 3 (18%) -
  California 1 (9%) - 3 (18%) -
  Minnesota 1 (9%) - 2 (12%) -
  Florida - - 2 (12%) -
  Tennessee 1 (9%) - 1 (6%) -
  Ohio 1 (9%) - 1 (6%) -
  North Carolina 1 (9%) - 1 (6%) -
  Montana 1 (9%) - 1 (6%) -
  Massachusetts 1 (9%) - 1 (6%) -
  Georgia 1 (9%) - 1 (6%) -
  Connecticut - - 1 (6%) -
Total 11 - 17 -

Acquisitions by Deal Type

Type Current # Value All-time # Value
Secondary Buyout 5 (45%) - 6 (35%) -
Growth Capital 2 (18%) - 4 (24%) -
Recapitalization 2 (18%) - 4 (24%) -
Consolidation 2 (18%) - 3 (18%) -
Total 11 - 17 -

Exits by Deal Type

Type Total # Value
Trade Sale - Public Company 3 (50%) 1.2B (100%)
Secondary Sale 2 (33%) -
Trade Sale 1 (17%) -
Total 6 $1.2B

Top M&A Advisors

Financial Deals
Canaccord Genuity
1
William Blair
1
Harris Williams
1
Legal Deals
Vedder Price P.C.
5
White & Case
1
Skadden, Arps, Slate, Meagher & Flom
1

Deal Values

sell # Total
$100M to $1B 2 $1.2B
TOTAL $1.2B
Largest Raptor Labs Holdco LLC
$655M (2024-05-28)

M&A Connections

Deals
Acquired from
Investor(s)
41%
7 (41%)
Exited to
Investor(s)
33%
2 (33%)
Strategic(s)
67%
4 (67%)

FAQ

When was L Squared Capital Partners founded?

L Squared Capital Partners was founded in 2014.

What type of investor is L Squared Capital Partners?

L Squared Capital Partners is a private equity firm.

Where is L Squared Capital Partners headquartered?

L Squared Capital Partners is headquartered in Newport Beach, California.

How much capital does L Squared Capital Partners have under management?

L Squared Capital Partners has 550M USD under management.

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