L Squared Forms BTX Precision with Acquisitions of ERA Industries, Gen-El-Mec and i3DMFG

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.