L Squared Capital Partners acquires Functional Devices

L Squared Capital Partners agreed to acquire Functional Devices. Reported deal value: Undisclosed. Status: Announced. Sector: building automation. Target headquarters context: Sharpsville, Indiana, United States.

This page summarizes publicly available information about the transaction as of 2026-02-23. Figures and status may change as filings and press coverage update.

Actively Pursuing Additional Acquisitions in Peripheral Components for Building Automation & Controls February 23, 2026 New Platform L Squared is partnering with Functional Devices ’ Management to continue the Company strong organic growth and accelerate its acquisition strategy Newport Beach , CA – February 23, 2026 – L Squared Capital Partners announced today the acquisition of Functional Devices , Inc. , a leading provider of quality field devices for building automation and emergency lighting systems