L Squared Capital Partners Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, L Squared Capital Partners has acquired 5 companies.

L Squared Capital Partners’ most common sectors for investment arebusiness services (9%) and education (9%) . The Firm’s most common investment types include secondary buyout (34%) and recapitalization (25%). In total, L Squared Capital Partners has invested in 8 US states.

In the last 3 years, L Squared Capital Partners has exited 3 companies. The Firm’s most common exit type is trade sale (60%). L Squared Capital Partners’ largest (disclosed) exit occurred in 2024 when it sold Elevated Facility Services Group for $570M.

Join Mergr to view L Squared Capital Partners’ full profile and discover more middle-market private equity firm investors just like it.

M&A Summary

  • M&A Total Activity17
    • M&A Buy Activity12
    • M&A Sell Activity5
  • Total Sectors Invested 12
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 7
  • M&A Advisors 6

L Squared Capital Partners

2429 Pacific Coast Hwy, Suite 205,
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 $10 to $100 million in revenue. The Firm looks to commit $10 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, Information Services, Information Technology, Internet Software and Services, Manufacturing, Marketing, 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 10 100
Target EBITDA 3 25
Investment Size 20 100
Enterprise Value - -
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (1.0/yr) # 7 - 4 1 - - 12
Sell (0.8/yr) # 1 1 2 - - 1 5
vol $570M $570M
  17

Most Recent M&A

Company Date Value Type
Elevated Facility Services Group 2024-04-15 570M USD Trade Sale
Tampa, Florida · www.elevatedfacilityservices.com
Globe Scientific, Inc. 2022-04-28 - Buyout (LBO, MBO, MBI)
Mahwah, New Jersey · www.globescientific.com
GWS Tool Group 2021-11-22 - Trade Sale
Tavares, Florida · www.gwstoolgroup.com
Sterling Trading Tech, Inc. 2021-09-08 - Divestiture
Chicago, Illinois · www.sterlingtradingtech.com
PTS Financial Technology LLC 2021-09-08 - Secondary Buyout
Chicago, Illinois · www.sterlingtradingtech.com
Crane 1 Services, Inc. 2021-08-16 - Secondary Buyout
Miamisburg, Ohio · www.crane1.com
Kanopy, Inc. 2021-06-09 - Trade Sale
San Francisco, California · www.kanopy.com
FineLine Technologies, Inc. 2021-03-10 - Secondary Buyout
Norcross, Georgia · www.finelinetech.com
Learners Edge LLC 2020-12-10 - Secondary Sale
Eagan, Minnesota · www.learnersedge.com
GWS Tool Group 2019-09-18 - Recapitalization
Tavares, Florida · www.gwstoolgroup.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
PTS Financial Technology LLC 2021-09-08 Sterling Trading Tech, Inc. 2021-09-08 1
Chicago, Illinois · www.sterlingtradingtech.com Chicago, Illinois · www.sterlingtradingtech.com
Raptor Scientific 2019-09-10 Space Electronics LLC 2019-09-10 4
Berlin, Connecticut · www.raptor-scientific.com Berlin, Connecticut · www.space-electronics.com

M&A by Sector

Sector Current # Value All-time # Value
Business Services - - 1 (8%) -
Education - - 1 (8%) -
Financial Services 1 (14%) - 1 (8%) -
Information Technology 1 (14%) - 1 (8%) -
Machinery 1 (14%) - 1 (8%) -
Manufacturing - - 1 (8%) -
Media - - 1 (8%) -
Medical Products 1 (14%) - 1 (8%) -
Retail 1 (14%) - 1 (8%) -
Software 1 (14%) - 1 (8%) -
Technology Hardware - - 1 (8%) -
Test/Measurement Equipment 1 (14%) - 1 (8%) -
Total 7 - 12 -

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 7 (100%) - 12 (100%) -
  California 1 (14%) - 3 (25%) -
  Illinois 2 (29%) - 2 (17%) -
  Florida - - 2 (17%) -
  Ohio 1 (14%) - 1 (8%) -
  New Jersey 1 (14%) - 1 (8%) -
  Georgia 1 (14%) - 1 (8%) -
  Connecticut 1 (14%) - 1 (8%) -
  Minnesota - - 1 (8%) -
Total 7 - 12 -

Acquisitions by Deal Type

Type Current # Value All-time # Value
Secondary Buyout 3 (43%) - 4 (33%) -
Recapitalization 1 (14%) - 3 (25%) -
Growth Capital - - 2 (17%) -
Buyout (LBO, MBO, MBI) 1 (14%) - 1 (8%) -
Consolidation 1 (14%) - 1 (8%) -
Divestiture 1 (14%) - 1 (8%) -
Total 7 - 12 -

Exits by Deal Type

Type Total # Value
Trade Sale - Public Company 2 (40%) 570M (100%)
Secondary Sale 2 (40%) -
Trade Sale 1 (20%) -
Total 5 $570M

Top M&A Advisors

Financial Deals
Raymond James - Investment Banking
1
Moelis & Co.
1
Robert W. Baird & Co., Inc.
1
Legal Deals
Vedder Price P.C.
3
Paul Hastings
1
Faegre Drinker Biddle & Reath LLP
1

Deal Values

sell # Total
$100M to $1B 1 $570M
TOTAL $570M
Largest Elevated Facility Services Group
$570M (2024-04-15)

M&A Connections

Deals
Acquired from
Investor(s)
42%
5 (42%)
Strategic(s)
8%
1 (8%)
Exited to
Investor(s)
40%
2 (40%)
Strategic(s)
60%
3 (60%)

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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