Situation

Since partnering with L Squared, Kano has been exploring complementary companies offering premium branded consumable chemical products to support the Company’s growth objectives. Kano is most interested in founder-owned businesses with differentiated products, high customer loyalty, and a strong brand, serving complementary end markets where equipment reliability and performance are critical.

Engagement

Kano engaged G2 Capital Advisors, LLC (“G2”) as the exclusive buy-side advisor to identify and originate acquisition targets that meet the Company’s criteria and expansion goals. G2 works as a trusted advisor and long-term strategic partner in growing our clients’ businesses. We bring industry-specific experience and a breadth of relationships to every engagement.

Outcome

Kano acquired Poway, CA-based CAIG Laboratories (“CAIG”), the industry leader in electronic deoxidation, contact cleaners, enhancers, and protectants, best known for its flagship DeoxIT® brand along with unique electrical, mechanical, and marine greases. Founded in 1956, family-owned CAIG specializes in the production of chemicals used to clean, restore, and protect electronic connections. The DeoxIT® brand is widely trusted by technicians and engineers across a range of end markets and applications where equipment reliability and signal integrity are critical. The transaction represents Kano’s first add-on acquisition since partnering with L Squared and supports the Company’s strategy to expand its portfolio of premium branded chemical solutions in complementary end markets.

“It is exciting to see two pioneering premium chemical brands come together in the shared pursuit of industry excellence and innovation,” said Victoria Arrigoni, Managing Director and Head of Industrials & Manufacturing at G2 Capital Advisors. “CAIG’s DeoxIT line is exactly the kind of differentiated, founder-owned brand we set out to find for Kano and L Squared — a premium product with decades of earned customer loyalty in end markets that complement Kroil and Super Lube. This acquisition is a testament to a disciplined, relationship-driven origination process, and we look forward to continuing to support the Kano platform as a strategic partner as it expands its portfolio of premium branded chemical solutions.”