L Squared Off to a Quick Start Executing Consolidation Playbook at GWS Tool Group with Two Acquisitions

NEWPORT BEACH, Calif.--()--L Squared Capital Partners is pleased to announce that its portfolio company, GWS Tool Group (“GWS” or the “Company”), has closed two add-on acquisitions in the first few months since L Squared’s investment in the GWS platform in September 2019. These two transactions follow the three acquisitions previously announced by GWS. All five acquired companies provide high performance, custom consumable tooling solutions, serving the aerospace and defense, power generation, automotive and medical sectors.

Specifically, we are excited to announce the acquisitions of Intrepid Tool Industries and North American Tool Corporation, both of which consummated in January 2020. The additions of Intrepid and NATC bring new product capabilities, distribution channels, and geographic reach to the GWS platform. Consistent with previous acquisitions, each business will now go to market under the GWS brand, but continue providing the same industry-leading product quality, delivery times and overall customer satisfaction as respective manufacturing divisions for GWS.

“These first two deals are great milestones on our path to building GWS into one of the most dynamic and valuable metalworking organizations in the world,” said Rick McIntyre, GWS’ CEO. “Both companies bring strategic value and an unmatched reputation for product quality and customer service.”

The continued expansion of GWS by way of acquisitions and constant investment in world class technology, people and equipment has created an unmatched value proposition for customers operating in advanced machining environments, especially in the area of custom tooling. GWS remains committed to the expansion of this value proposition.

“We’re off to a great start with GWS. These first two deals are a testament to the fragmented landscape and further builds GWS’ reputation as the acquirer of choice,” said Randall Hunt, Partner at L Squared and GWS Board Member. “We have a strong pipeline of additional targets and are committed to providing the necessary resources to aggressively pursue these transactions.”

About GWS Tool Group

GWS Tool Group is a US-based, vertically integrated manufacturer of highly engineered custom, standard, and modified standard cutting tools, primarily servicing the aerospace and defense, power generation, automotive and medical sectors. GWS Tool Group has acquired multiple businesses in the course of its growth which now serve as the respective manufacturing divisions for the Company.

For additional information, please visit www.gwstoolgroup.com.

About L Squared Capital Partners

L Squared Capital Partners is an investment firm headquartered in Newport Beach, CA that seeks to make long-term investments in leading growth companies that operate in targeted sectors: Education Technology, Tech-Enabled Services & Software, and Industrial Technology & Services. Our unique investor base of family offices enables us to focus on long-term value creation driven by revenue and earnings growth, not financial engineering or market timing. The principals of L Squared have worked together for over a decade and have over 60 years of combined experience investing in growing private companies.

For additional information, please visit www.LSquaredCap.com.

This press release is for informational purposes only and is not intended as investment advice or an offer or solicitation with respect to the purchase of any investment. Investing with any investment firm is suitable only for qualified investors that fully understand the risks of such an investment. L Squared Capital Partners is an investment adviser registered with the United States Securities and Exchange Commission. Investments with L Squared Capital Partners are only offered in accordance with applicable securities laws.

Contacts

Randall Hunt
Partner
Office: (949) 398-0172
rhunt@lsquaredcap.com

Jeff Farrero
Managing Partner
Office: (949) 398-0175
jfarrero@lsquaredcap.com

Tyler Huez
Vice President
Office: (949) 398-0182
thuez@lsquaredcap.com

Release Summary

L Squared off to a quick start executing consolidation playbook at GWS Tool Group with two acquisitions

Contacts

Randall Hunt
Partner
Office: (949) 398-0172
rhunt@lsquaredcap.com

Jeff Farrero
Managing Partner
Office: (949) 398-0175
jfarrero@lsquaredcap.com

Tyler Huez
Vice President
Office: (949) 398-0182
thuez@lsquaredcap.com