L Squared Capital Partners Announces Pending Sale of Elevated to APi Group Corporation
Summary
“We are grateful for our highly successful partnership with Matt Biskaduros and the entire Elevated leadership team,” said Sean Barrette, Partner at L Squared. L Squared was steadfast in the execution of the thesis through strategic investments in a world class leadership team, technology, and a culture that prioritized the development of its people. “We are excited to begin our next chapter of growth with APi, who is well positioned to provide us with the additional resources and scale necessary to accelerate our momentum and drive future success.” L Squared and Elevated were advised on the transaction by Piper Sandler & Co., Vedder Price P.C., PwC, and EY-Parthenon. L Squared’s unique investor base of family offices and institutions enables the Firm to focus on long-term value creation driven by revenue and earnings growth, not financial engineering, or market timing. Founded in 2004, Elevated is headquartered in Tampa, FL and serves twenty-two states through a branch-led operating model with approximately six hundred team members.