L Squared Continues Consolidation of the Cutting Tools Sector, Completes Seventh Acquisition in Less than Two Years | Business
NEWPORT BEACH, Calif.–(BUSINESS WIRE)–Aug 10, 2021–
L Squared Capital Partners (“L Squared”) is pleased to announce that its portfolio company, GWS Tool Group (“GWS” or the “Company”), has acquired Monster Tool Company located in Vista, CA (“Monster”). Monster is the fourth acquisition in 2021 for GWS and the seventh add-on acquisition since L Squared’s platform investment in GWS in September 2019.
Monster Tool is a recognized leader in the manufacturing and distribution of solid round consumable cutting tools with a commitment to innovation and excellence. Second-generation and family owned, Monster operates out of a 40,000 square feet facility in southern