M&A Deal Summary

L Squared Capital Partners Acquires BTX Precision

On February 20, 2024, private equity firm L Squared Capital Partners acquired manufacturer BTX Precision

Acquisition Highlights
  • This is L Squared Capital Partners’ 2nd transaction in the Manufacturing sector.
  • This is L Squared Capital Partners’ 15th transaction in the United States.
  • This is L Squared Capital Partners’ 3rd transaction in Illinois.

M&A Deal Summary
Date 2024-02-20
Target BTX Precision
Sector Manufacturing
Buyer(s) L Squared Capital Partners
Deal Type Consolidation

Target

BTX Precision

Elk Grove Village, Illinois, United States
BTX Precision precision is a manufacturing platform focused squarely on the corners of the supply chain which demand the most sophisticated and capable development and production partners. BTX Precision represents a single source solution for high-quality, tight-tolerance components used in mission-critical applications by customers serving the aerospace, defense, medical, and semiconductor end markets. BTX Precision is based in Elk Grove Village, Illinois.

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Buyer(S) 1

Buyer

L Squared Capital Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2014
PE ASSETS 550M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

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.

DEAL STATS #
Overall 15 of 16
Sector (Manufacturing) 2 of 2
Type (Consolidation) 3 of 3
State (Illinois) 3 of 3
Country (United States) 15 of 16
Year (2024) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-01 SUCCESS Computer Consulting

Golden Valley, Minnesota, United States

SUCCESS Computer Consulting is a provider of IT and security services for small and medium-sized businesses, offering mission-critical managed technology services to support and enable their customers’ optimal performance. SUCCESS Computer Consulting was founded in 1992 and is based in Golden Valley, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-15 Elevated Facility Services Group

Tampa, Florida, United States

Elevated Facility Services Group is a provider of elevator maintenance, repair, and modernization services across all major brands of equipment. Oracle Elevator currently operates 22 branch locations across 13 states. Elevated Facility Services Group is based in Tampa, Florida.

Sell $570M
Mergr

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