L Squared Capital Partners acquires Functional Devices from Shorehill Capital

Functional Devices, Inc. (a building-automation/HVAC controls maker, PE-owned by Shorehill Capital since 2019) has been acquired by L Squared Capital Partners.

“Didn&#039;t know they were already owned by private equity (Shorehill Capital) since 2019.<br /> Now acquired by L Squared Capital Partners.”

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