GWS Tool Group, a portfolio company of L Squared Capital Partners, has announced the closing of two add-on acquisitions in the first few months since L Squared´s investment in the GWS platform, the company said.
These two transactions follow the three acquisitions previously announced by GWS. All five acquired companies provide high performance, custom consumable tooling solutions, serving the aerospace and defense, power generation, automotive and medical sectors product capabilities, distribution channels, and geographic reach to the GWS platform.
The company acquired Intrepid Tool Industries and North American Tool Corp., both of which consummated in January 2020. The additions of Intrepid and NATC bring new product capabilities, distribution channels, and geographic reach to the GWS platform.
The continued expansion of GWS by way of acquisitions and constant investment in world class technology, people and equipment has created an unmatched value proposition for customers operating in advanced machining environments, especially in the area of custom tooling. GWS remains committed to the expansion of this value proposition.
GWS Tool Group is a US-based, vertically integrated manufacturer of highly engineered custom, standard and modified standard cutting tools, primarily servicing the aerospace and defense, power generation, automotive and medical sectors.
L Squared Capital Partners is an investment firm headquartered in Newport Beach, California that seeks to make long-term investments in growth companies that operate in targeted sectors: Education Technology, Tech-Enabled Services and Software, and Industrial Technology and Services.