L Squared Capital Partners Acquires Kano Laboratories from Gryphon Investors
December 18, 2024
L Squared Capital Partners has acquired Kano Laboratories, the 85-year-old maker of Kroil penetrating oils and Super Lube synthetic lubricants, from Gryphon Investors. The transaction — led by L Squared's Fund IV with co-investment from select limited partners and participation from Kano's executive leadership team — positions Kano as a platform for add-on acquisitions targeted at specialty chemical and industrial MRO businesses.
- Buyers
- L Squared Capital Partners, Select L Squared limited partners (co-investors), Kano executive leadership team (co-investors)
- Targets
- Kano Laboratories
- Sellers
- Gryphon Investors
- Platforms
- Kano Laboratories
- Industry
- Manufacturing
- Location
- Tennessee, United States
- Transaction Type
- Buyout
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