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L2 Capital sells Environmental Products Platform

L2 Capital Partners (L2) has sold LSC Environmental Products (LSC) to an entity formed by Ancor Capital Partners. Terms of the deal have not been disclosed.

Under L2’s ownership, LSC underwent significant corporate management changes, executed a transformational acquisition, and developed and introduced multiple new products to market. This investment allowed the Company to significantly grow its core business, increase product line breadth, expand end markets served, and position the business to achieve double-digit annual growth rates.

“This successful exit exemplifies how L2 Capital works with portfolio companies. Over the course of our investment, L2 recruited a new CEO and CFO, worked with management to craft a broader go-to-market strategy, and completed a synergistic add-on acquisition. We are proud of what we and the team have accomplished,” says Bob Levine, a Managing Partner at L2. “All this was achieved while ensuring that the team and the Company had the resources and investment required. We always knew LSC’s products delivered best in class performance; the LSC team built upon that foundation to lead the Company to its current level. We are confident in their continued success.”

Joe Donze, CEO of LSC, adds: “I want to thank the L2 team for its support of the business the past several years. L2’s contribution to LSC’s success has been truly special and we would not have achieved our goals without them. Looking forward, the team is excited for the next chapter and continued growth prospects that come from being part of Ancor Capital’s portfolio.”

Delancey Street Partners served as financial advisor and Pepper Hamilton served as legal counsel to L2.

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