DEVON, Pa.--(BUSINESS WIRE)--Jun 11, 2019--

L2 Capital Partners, L.P. (“L2” or “L2 Capital”) ( www.L2Capital.net ) is pleased to announce the sale of LSC Environmental Products, LLC (“LSC”) ( www.lscenv.com ) to an entity formed by Ancor Capital Partners, LLC. This transaction represents the successful realization of L2’s 2011 investment in LSC, a soil stabilization products platform. Terms of the deal were not 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,” commented 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 added, “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.

About L2 Capital Partners:

L2 Capital Partners ( www.L2Capital.net ) is a lower middle market private equity family office that specializes in making controlling or minority investments in business service, consumer product and manufacturing companies with enterprise values up to $75 million. L2 Capital adds value by helping business executives and owners meet their strategic and financial goals by providing access to professionals and resources gained over 40 years of principal investing experience within the structure of a family office.

For additional information, contact L2 Capital at info@L2Capital.net or (610) 922-4030.

CONTACT: Connor McMahan

(610) 922-4030

KEYWORD: UNITED STATES NORTH AMERICA PENNSYLVANIA

INDUSTRY KEYWORD: ENERGY OIL/GAS MANUFACTURING CHEMICALS/PLASTICS NATURAL RESOURCES AGRICULTURE PROFESSIONAL SERVICES LANDSCAPE FINANCE ENVIRONMENT CONSTRUCTION & PROPERTY

SOURCE: L2 Capital Partners, L.P.

Copyright Business Wire 2019.

PUB: 06/11/2019 10:27 AM/DISC: 06/11/2019 10:27 AM

Copyright Business Wire 2019.