BTX Precision Accelerates with Ninth Acquisition Under L Squared's Guidance
Deal News | Feb 05, 2025 | L Squared Capital Partners
L Squared Capital Partners has announced that its portfolio company, BTX Precision, has acquired Chandler Industries, marking its ninth acquisition since the BTX platform was created in June 2023. BTX, formed in 2024, consolidates the North American precision components sector, encompassing aerospace & defense, medical, and semiconductor markets. With an expansive manufacturing capacity boasting over 600,000 sq. ft. and employing more than 1,000 specialists, BTX has successfully integrated nine acquisitions into six business units. These activities are supported by a dedicated executive team, with L Squared committed to further acquisitions and investment in technology and personnel. This strategy aims to establish BTX as North America's premier precision component manufacturer.
Sectors
- Private Equity
- Manufacturing
- Aerospace & Defense
Geography
- United States – BTX Precision and L Squared Capital Partners operate primarily within North America, with L Squared headquartered in Newport Beach, CA, indicating the US as a key geographical focus.
Industry
- Private Equity – L Squared Capital Partners, a private equity firm, is actively managing its investment in BTX Precision, focusing on the consolidation of precision manufacturing entities.
- Manufacturing – BTX Precision operates within the precision components manufacturing industry, supplying high-quality services to aerospace, defense, medical, and semiconductor sectors.
- Aerospace & Defense – BTX Precision provides critical components and assemblies for aerospace and defense markets, emphasizing the importance of this industry in the article.
Financials
- Over $2 billion – The amount of equity commitments managed by L Squared Capital Partners, highlighting their financial strength and investment capacity.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| BTX Precision | Target Company | Company | A portfolio company of L Squared, BTX Precision is a leading precision component manufacturer in North America. |
| L Squared Capital Partners | Private Equity Firm | Company | L Squared Capital Partners is the managing investment firm behind BTX Precision, focusing on long-term growth strategies. |
| Chandler Industries | Acquired Company | Company | Recently acquired by BTX Precision, Chandler Industries contributes to the expansion of BTX's manufacturing capabilities. |
| Randall Hunt | Managing Partner | Person | A Managing Partner at L Squared, involved in overseeing the strategic direction and acquisition execution for BTX Precision. |
| Rick McIntyre | CEO | Person | CEO of BTX Precision, responsible for operational leadership and strategic execution at the company. |