DEVON, Pa.–(BUSINESS WIRE)–#L2Capital–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 [email protected]
or (610) 922-4030.

Contacts

Connor McMahan
[email protected]
(610)
922-4030