L Squared Capital Partners

Sandvik has signed an agreement to acquire 100% of GWS Tool Group from L Squared Capital Partners and management. The transaction is expected to close in Q4 2021.

L Squared Capital Partners acquired Crane 1, a provider of overhead crane MRO services and equipment based in Miamisburg, Ohio, from Pfingsten. The acquisition is L Squared's second platform investment in Fund III.

GWS Tool Group acquired Monster Tool Company, a manufacturer and distributor of solid round cutting tools based in Vista, California. The acquisition was announced on July 30, 2021.