L Squared Capital acquires Aerospace and Defense Platform
Operating executive Philip Gunn, a U.S. Air Force veteran and former Raptor Scientific business-development lead, will drive buy-and-build investments in strategic programs, critical component technology, and modeling, simulation, test and training.
Takeaways
- Aerospace and Defense Platform is a Thematic aerospace and defense platform targeting strategic programs, component technology, and simulation.
- L Squared Capital Partners is acquiring Aerospace and Defense Platform.
- The business serves aerospace and defense.
Private equity interest in the aerospace and defense supply chain has generated a new thematic platform.
L Squared Capital Partners has formed a dedicated investment vehicle to pursue buy-and-build opportunities in the sector, tapping operating executive Philip Gunn to lead the effort.
Gunn, a U.S. Air Force veteran, previously served as a business-development executive at Raptor Scientific.
The platform is structured as a thematic initiative rather than the acquisition of an existing operating company, and will target businesses involved in strategic programs, component technology for critical systems, and modeling, simulation, test and training.
L Squared said the initiative will concentrate on aerospace and defense end markets where the firm can pair operating experience with future acquisitions.
The firm did not disclose a specific fund vehicle or committed capital.
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