L Squared Capital Partners Acquires Functional Devices, Inc.

L Squared Recapitalizes Lumaverse Technologies

September 7, 2021

Cloud & SaaS

L Squared Capital Partners is leading a recapitalization of Lumaverse Technologies, partnering with existing investor PSG to support the company's next phase of growth. The transaction will provide capital to accelerate Lumaverse’s organic product development and pursue inorganic growth through add-on acquisitions across its suite of constituent management and engagement SaaS products.

L Squared Capital Partners Facilitates Merger of Foundant Technologies and SmartSimple Software

August 13, 2024

Cloud & SaaS

L Squared Capital Partners announced the strategic merger of Foundant Technologies and SmartSimple Software to combine their cloud-based grantmaking and philanthropic solutions. The transaction is intended to accelerate product innovation, expand capabilities across philanthropic, nonprofit, healthcare, and public-sector markets, and deliver greater value to existing clients.

L Squared Capital Partners Makes Growth Investment in Ergo

November 4, 2025

Consulting

L Squared Capital Partners has made a significant growth investment in Ergo, a New York–headquartered geopolitical and strategic intelligence firm. The capital will support Ergo's organic growth, expand its go-to-market initiatives (including the Flashpoints Forum membership), and enable strategic acquisitions while Ergo's management retains a significant ownership stake.

APi Group Acquires Elevated Facility Services from L Squared Capital Partners

April 16, 2024

Industrial Services

APi Group Corporation has entered into a definitive agreement to acquire Elevated Facility Services from L Squared Capital Partners. Elevated, a Tampa-based provider of elevator and escalator maintenance, repair, and modernization services with ~600 employees and operations in 22 states, is expected to close in Q2 2024, subject to customary conditions and regulatory approval.

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.

L Squared Capital Partners / GSI Group Acquires Globe Scientific

April 28, 2022

Manufacturing

L Squared Capital Partners has acquired Globe Scientific and folded it into its GSI Group Holdings platform as the platform’s third add-on. Globe Scientific, a US-based maker and distributor of laboratory plasticware, glassware and benchtop equipment, will be integrated to expand GSI Group’s product portfolio, distribution footprint and reach into biopharma, diagnostics and academic research markets.