L Squared Forms BTX Precision with Acquisitions of ERA Industries, Gen-El-Mec and i3DMFG
February 20, 2024
L Squared Capital Partners has formed BTX Precision by combining three precision components manufacturers—ERA Industries, Gen-El-Mec, and i3DMFG—as part of an accelerated consolidation strategy in the fragmented North American precision components market. The acquired businesses will operate under the BTX platform with existing leadership retained as ongoing owners, and L Squared intends to pursue additional add-on acquisitions to build scale and complementary capabilities.
- Buyers
- L Squared Capital Partners, BTX Precision
- Targets
- ERA Industries, Gen-El-Mec, i3DMFG
- Platforms
- BTX Precision
- Industry
- Manufacturing
- Location
- United States
- Transaction Type
- Buyout
Explore More
Related Acquisitions
-
BTX Precision (L Squared) Acquires High Tech Solutions LLC
August 20, 2025
Manufacturing
BTX Precision, a platform backed by L Squared Capital Partners, has acquired High Tech Solutions LLC (HTS), a Kansas City–area precision manufacturer of aerospace components. The add-on expands BTX's program diversity, geographic footprint and capabilities across aerospace and space end markets as BTX reaches its 10th acquisition since inception.
-
ERA Industries Acquires i3DMFG
October 16, 2023
Manufacturing
Chicago-based ERA Industries has acquired i3DMFG, a Redmond, Oregon-based metal 3D printing (DMLS) service provider. The deal is an add-on to ERA’s PE-backed platform (supported by L Squared Capital Partners) to expand the platform’s metal additive manufacturing and production parts capabilities for aerospace, defense and medical end markets.
-
BTX Precision Acquires High‑Tech Solutions (HTS)
August 19, 2025
Aerospace & Defense
BTX Precision has acquired High‑Tech Solutions (HTS), a Lee's Summit, Missouri-based precision machining and manufacturing firm serving the commercial aerospace, military and space markets. The deal — BTX's seventh acquisition since launching its platform in 2023 — expands BTX's advanced machining capabilities and capacity in mission-critical aerospace and defense supply chains.
-
L Squared Capital Partners Acquires Sterling Trading Tech
September 8, 2021
Cloud & SaaS
L Squared Capital Partners acquired Chicago-based Sterling Trading Tech from LLR Partners and other investors, with Sterling’s management participating in the transaction. The deal positions L Squared to invest in product development, sales expansion and strategic add-on acquisitions to broaden STT’s trading platform, OMS and risk product suite across additional asset classes and geographies.
-
GSI Group (L Squared Platform) Acquires GenesisBPS
October 2, 2025
Medical Devices
GSI Group Holdings, a portfolio platform of L Squared Capital Partners, has acquired GenesisBPS, a designer and manufacturer of benchtop blood processing equipment and laboratory consumables. The add-on expands GSI Group’s capabilities in blood processing workflows and strengthens its global benchtop equipment and consumables platform.
-
CORE Industrial Partners Acquires 3DXTECH, Triton 3D and Gearbox to Form Additive Manufacturing Platform
October 26, 2021
Manufacturing
CORE Industrial Partners formed a new additive manufacturing platform and completed the acquisitions of 3DXTECH LLC, Triton 3D LLC and Gearbox3D LLC. The combined company will provide 3D printers, high-performance filaments and related services from a single 68,000 sq. ft. Grand Rapids, Michigan facility to serve end markets including aerospace, medical and automotive.
Track M&A activity that matters to you
Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.