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Wednesday, Jun 19, 2024
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L Squared Forms BTX Precision

For North America consolidation

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.

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Kevin Costelloe
Kevin Costelloe
Tech reporter at Orange County Business Journal
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