L Squared Capital Partners has appointed Philip Gunn, a US Air Force combat veteran and former Raptor Scientific vice president, as operating executive. In his new role, Gunn will collaborate with the investment team to identify and acquire companies in the aerospace, space, and defense sectors. The firm’s strategy focuses on a buy-and-build platform targeting businesses with $3 million to $30 million in EBITDA, aiming to consolidate smaller players into larger, strategic entities.

Gunn’s background includes military service and experience in defense-related ventures, aligning with L Squared’s thematic focus. The fund’s approach emphasizes operational expertise and sector-specific knowledge to drive growth through strategic acquisitions. This move signals confidence in the defense industry’s resilience amid geopolitical tensions and technological advancements.

The $3 million to $30 million EBITDA range reflects L Squared’s preference for mid-sized companies with scalable potential. By leveraging Gunn’s industry insights, the firm aims to execute a disciplined acquisition pipeline, prioritizing firms with strong cash flows and alignment with national security priorities.

L Squared’s thematic strategy underscores its commitment to aerospace and defense, a sector seeing increased investment due to evolving global risks. The appointment of Gunn, with his operational and military expertise, positions the firm to capitalize on opportunities in this high-stakes market.

Primary keyword: L Squared Capital Partners

Secondary keywords: aerospace defense sector, buy-and-build strategy, EBITDA range, US Air Force veteran