Recapitalization • Manufacturing

L Squared Capital Partners and Banyan Investment Partners Acquire GWS Tool

On September 18, 2019, private equity firm L Squared Capital Partners and mezzanine finance firm Banyan Investment Partners acquired manufacturer GWS Tool

Acquisition Context
  • This is L Squared Capital Partners’ 1st and Banyan Investment Partners’ 4th transaction in the Manufacturing sector.
  • This is L Squared Capital Partners’ 8th and Banyan Investment Partners’ 72nd transaction in the United States.
  • This is L Squared Capital Partners’ 2nd and Banyan Investment Partners’ 18th transaction in Florida.
Investment Fate
  • GWS Tool was sold to a publicly-traded strategic buyer in 2021.

Explore All 160 Recapitalization Manufacturing Deals - Search the Database Free


M&A Deal Summary

Date September 18, 2019
Target GWS Tool
Sector Manufacturing
Buyer(s) L Squared Capital Partners
Banyan Investment Partners
Deal Type Recapitalization

Target Company

GWS Tool

Tavares, Florida, United States
GWS Tool is a manufacturer of engineered custom, standard, and modified standard cutting tools, primarily servicing the aerospace and defense, power generation, automotive, and medical sectors. GWS Tool was formed in 2014 and is based in Tavares, Florida.
Explore More Deals

Browse All 215,158 Deals

FILTER BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Search Free

Buyers Overview 2

Buyer
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 Context for Buyer #
Overall 8 of 17
Sector: Manufacturing 1 of 2
Type: Recapitalization 3 of 4
State: Florida 2 of 2
Country: United States 8 of 17
Year: 2019 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-10 Raptor Scientific

Berlin, Connecticut, United States

Raptor Scientific is a manufacturer of complex test and measurement solutions primarily serving the aerospace and defense end markets. The Company's products are highly engineered, proprietary components with significant aftermarket content and a strong presence across major aerospace and defense platforms. Raptor Scientific was founded in 2019 and is based in Berlin, Connecticut.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-10 K12 Coalition

Eagan, Minnesota, United States

K12 Coalition provides online professional development, continuing education, and master’s degree programs for K-12 teachers. K12 Coalition was established with the mission to help teachers advance their classroom skills and careers, while also improving student learning. K12 Coalition was founded in 2002 and is based in Eagan, Minnesota.

Sell -
Buyer

Banyan Investment Partners

Miami, Florida, United States

Investor


Category Mezzanine Finance Firm
Founded 2002
PE ASSETS 550M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Banyan is a specialty finance firm that provides mezzanine capital to smaller middle-market companies headquartered primarily in the Southeast US. Banyan looks to invest $5 to $25 million of junior capital in profitable companies. The Firm does not have any industry preferences, however, Banyan will not invest in real estate development, oil and gas exploration, direct lenders, start-ups or turn-around situations. Banyan Mezzanine was formed in 2002 and is based in Miami, Florida.


Deal Context for Buyer #
Overall 73 of 73
Sector: Manufacturing 4 of 4
Type: Recapitalization 9 of 9
State: Florida 18 of 18
Country: United States 72 of 72
Year: 2019 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-29 City Gear

Memphis, Tennessee, United States

City Gear LLC is an urban fashion retail sector operating in the South East and Midwest. City Gear LLC was founded in 1978 and is based in Memphis, Tennessee.

Sell $88M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-26 CareFinders

Hackensack, New Jersey, United States

CareFinders is a personal care provider in the Northeast, with a scaled presence in New Jersey, Pennsylvania, and Connecticut. The company delivers approximately 10 million hours of care annually to over 7,500 patients through its more than 6,200 caregivers. CareFinders was founded in 1995 and is based in Hackensack, New Jersey.

Sell -