Tech-focused private equity firm L Squared Capital Partners in Newport Beach said it has formed BTX Precision to continue accelerated consolidation in the North American precision components sector.
L Squared started the consolidation with the acquisition of ERA Industries of Elk Grove Village, Ill. followed by the acquisitions of Gen-El-Mec of Oxford, Conn., and i3DMFG of Redmond, Ore.
BTX launches as an integrated family of customer-centric, precision manufacturing organizations with a nationwide footprint spanning more than 175,000 square feet of state-of-the-art equipment and engineering, L Squared said in a statement released today.
