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L Squared Completes The Acquisition Of Crane 1

Aug 16, 2021•over 4 years ago

Acquiring Company

L Squared Capital Partners

Acquired Company

Crane 1

Description

L Squared Capital Partners (“L Squared”) is pleased to announce the acquisition of Miamisburg, Ohio based Crane 1 (“Crane 1” or the “Company”), one of the largest providers of overhead Crane MRO services and equipment in the United States from Pfingsten. The investment represents L Squared’s second platform investment in Fund III, a $505 million private equity fund that closed in September 2020. Crane 1 is a proven M&A platform operating in the highly fragmented $3 billion market for overhead crane MRO services and equipment, having completed six acquisitions in the last five years.

Company Information

Company

L Squared Capital Partners

About

L Squared Capital Partners is an investment firm headquartered in Newport Beach, CA that seeks to make long-term investments in leading growth companies that operate in targeted sectors: Education Technology, Tech-Enabled Services & Software, and Industrial Technology & Services. Our unique investor base of family offices enables us to focus on long-term value creation driven by revenue and earnings growth, not financial engineering or market timing. The principals of L Squared have worked together for over a decade and have over 80 years of combined experience investing in growing private companies. For additional information, please visit www.LSquaredCap.com.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed