Varagon Capital Partners is serving as administrative agent on a unitranche credit facility to support the recapitalization of GWS Tool Group by L Squared Capital Partners.

Headquartered in Tavares, FL, GWS Tool Group is a vertically integrated manufacturer of highly engineered custom, standard and modified standard cutting tools, primarily servicing aerospace and defense, power generation, automotive and medical sectors.

“We are excited to partner with L Squared along with the GWS management team to support their growth initiatives,” said Sam Kwon, managing director at Varagon. “This represents Varagon’s third platform investment with L Squared. We look forward to the continued success and growth of GWS.”

“Varagon has proven to be a strategic financing partner for us in getting deals done in this market,” said Randall Hunt, partner at L Squared. “We’re thrilled to have Varagon involved in GWS as we pursue acquisitive growth and utilize a flexible debt capital facility to help finance accretive add-ons.”

L Squared Capital Partners is an investment firm with offices in Newport Beach, CA, and Chicago.