As announced in a press released from L Squared Capital Partners:

“L Squared Capital Partners [has announced] that it has committed $60 million of equity to Raptor Scientific, LLC to pursue an aggressive M&A strategy consolidating the highly fragmented Aerospace & Defense-focused testing and measurement market. Raptor represents L Squared’s ninth platform investment over the last five years.

L Squared and Raptor Scientific plan to add additional resources to the platform post-closing including the addition of a new CEO for Raptor Scientific to lead the M&A strategy as well as additional sales & marketing resources both domestically and in key international markets. McDermott + Bull has been engaged by the Company to lead the CEO search.”

To read the full press release on Business Wire, please click here.