L Squared Capital Partners Recapitalizes GWS Tool Group
September 18, 2019
L Squared Capital Partners has partnered with GWS Tool Group management to recapitalize GWS Tool Group, with participation from incumbent sponsor Addison Capital Partners; financial terms were not disclosed. The recapitalization (with debt led by Varagon Capital Partners) provides a long-term capital base to support GWS’s acquisition-driven growth, geographic expansion, and continued investment in people and facilities.
- Buyers
- L Squared Capital Partners, Addison Capital Partners, GWS management
- Targets
- GWS Tool Group
- Industry
- Manufacturing
- Location
- Florida, United States
- Transaction Type
- Recapitalization
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