BTX Precision initially formed via the combination of three leading manufacturers of precision components

Newport Beach, CA, January 28, 2025 – L Squared Capital Partners is pleased to announce that its portfolio company, BTX Precision (“BTX” or the “Company”), has acquired Chandler Industries, marking its ninth acquisition since L Squared commenced the BTX platform build in June 2023. The nine acquired entities have been consolidated into six tightly integrated business units under the BTX corporate infrastructure. The BTX portfolio consists of leading precision manufacturers of mission-critical components and assemblies, supporting the aerospace & defense, medical, semiconductor, and other demanding end markets.
 
BTX has emerged as one of the most dynamic and capable specialty manufacturing platforms in North America. BTX boasts over 600,000 sq. ft. of manufacturing space equipped with state-of-the-art technology, with a national footprint spanning coast to coast. The Company employs more than 1,000 engineers, technicians, and operators across its 12 facilities. Furthermore, BTX offers advanced additive and subtractive manufacturing capabilities, creating an unmatched value proposition in the marketplace. Specifically, BTX provides cutting-edge 3D metal printing additive manufacturing in addition to complex subtractive manufacturing offerings, such as aluminum vacuum brazing, Swiss turning, and electrical discharge machining, among other value-added services and assembly for its customers including in-house grinding, lapping, welding, clean-room capacity, and laser micro machining.
 
“We’re off to a great start with BTX. The continued expansion of BTX by way of acquisitions and constant investment in leading technology, equipment and most importantly, people, has created a unique value proposition for our customers,” said Randall Hunt, Managing Partner at L Squared and BTX Board Member. “We have a robust pipeline of additional targets and are committed to investing the necessary resources to continue our aggressive M&A strategy.”
 
In addition to the plethora of M&A activity in 2024, L Squared has worked alongside BTX’s CEO, Rick McIntyre, to build a world-class senior executive team at the Company to support its consolidation thesis. Over the past year, BTX has added a Chief Financial Officer, Chief Revenue Officer, and EVPs of Human Resources, Legal, Compliance & Integration, and Manufacturing. The BTX executive leadership team is now complete and will ensure the successful integration of new business units and BTX’s steadfast commitment to providing the highest quality technical solutions and industry-leading customer service.
 
“While it’s still early in the development process at BTX, we’ve accomplished a lot in very short order. Our primary objective out of the gates was to assemble a capability set, team, and footprint that stood out in the marketplace,” said Rick McIntyre, CEO of BTX. “While M&A will remain a key element of our strategy, all of our early success on that front, coupled with a compelling ongoing organic growth trajectory will allow us to invest heavily in the infrastructure and operational process development under which BTX becomes the most dynamic precision component manufacturing platform in North America.”

About BTX Precision
BTX Precision was formed in 2024 by L Squared Capital Partners to consolidate the highly fragmented North American precision components sector. Through its operating subsidiaries, BTX represents a single source solution for high-quality, tight-tolerance components used in mission-critical applications by customers serving the aerospace & defense, medical, and semiconductor end markets. For more information, please visit: www.btxprecision.com.

About L Squared Capital Partners
L Squared Capital Partners is a private equity investment firm with over $2 billion of equity commitments under management and is 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. L Squared’s unique investor base of family offices and institutions enables the firm 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 15 years and have over 125 years of combined experience investing in growing private companies. For additional information, please visit www.lsquaredcap.com.

For Additional Information Please Contact:

Randall Hunt
Managing Partner
[email protected]

Tyler Huez
Partner
[email protected]

Matt Borges
Senior Associate
[email protected]