Newport Beach-based private equity firm L Squared Capital Partners said its portfolio company Kano Laboratories has acquired CAIG Laboratories, which specializes in electronic deoxidation, contact cleaners, enhancers and protectants. The price was not disclosed.
Founded in 1956 and headquartered in Poway, CAIG specializes in the production of chemicals that are used to clean, restore, and protect electronic connections. CAIG’s DeoxIT brand is widely used across a range of end markets and applications where equipment reliability and signal integrity are critical.
“The DeoxIT product line is a strong complement to Kano’s leading Kroil and Super Lube brands,” Randall Hunt, Managing Partner at L Squared, said in a statement today. “We see significant opportunity to support continued growth through expanded distribution and cross-selling across Kano’s global, omnichannel customer base.”
