L Squared buys Edko, deploys first deal from $2B Fund V
What's the deal? L Squared Capital PartnersDealroom has a profile for this one. Try Dealroom → has acquired EdkoDealroom has a profile for this one. Try Dealroom →, a US provider of regulatory-driven vegetation management services for critical infrastructure. The Newport Beach private equity firm did not disclose financial terms.
Why now? The purchase is the first platform investment from L Squared's Fund V, a $2 billion vehicle that closed in April 2026. It gives the firm an entry point into a sector built on recurring, often mandatory work.
What's the endgame? Founded in 1961 and headquartered in Bossier City, Louisiana, Edko serves electric utility, pipeline, refinery, exploration and production, and renewables customers through 36 branch locations. Scale, geographic reach, and adjacent services position the business for further roll-ups.
Edko's former owner, Incline Equity PartnersDealroom has a profile for this one. Try Dealroom →, says revenue nearly quadrupled during its ownership, supported by three acquisitions.
The signal: The deal fits a busy consolidation market for vegetation management, where mandatory work on utility and infrastructure rights-of-way is drawing financial and strategic buyers. Recent examples include XKIGDealroom has a profile for this one. Try Dealroom →'s October purchase of Wilderness Land Management and the August sale of railroad provider Ferrovia to Secovia Capital.
Read more: ocbj.com
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