Investment will support Oracle’s rapid growth, enhance training and professional development of technicians, and provide capital to pursue acquisitions.

Newport Beach, CA, May 16, 2017 - L Squared Capital Partners (“L Squared”) and Oracle Elevator (“Oracle” or the “Company”), today announced that L Squared, together with Longview Asset Management, has partnered with Oracle management to recapitalize the Company. Financial terms of the transaction were not disclosed.

Oracle represents L Squared’s sixth platform investment over the last three years. Founded in 2004 with 22 branch locations across 13 states, Oracle is the largest independent provider of elevator maintenance, repair, and modernization services across all major brands of equipment. L Squared’s investment provides a long-term capital base to support the Company’s national expansion strategy through both de novo branches and acquisitions.

“Oracle is pleased to partner with the L Squared team to drive the next phase of Oracle’s growth as the leading independent alternative to the Big Four elevator manufacturers,” said Paul Belliveau, President & CEO of Oracle Elevator. “L Squared’s long-term investment horizon will allow us to make further investments in our people and continue growing our geographic footprint while providing the highest level of service to our customers.”

Oracle plans to accelerate investment in its base of technicians and service representatives through both professional development as well as a new state-of-the-art training facility. These investments will further reinforce Oracle’s industry-leading customer service and ensure that Oracle technicians are continually trained on the latest elevator equipment and technology.

“We have been extremely impressed by Oracle’s track record of growth and commitment to high quality customer service and safety,” said Sean Barrette, Partner of L Squared. “Our family office capital base and long-term investment horizon is well suited to support Oracle’s geographic expansion, investment in its people and technical expertise, and pursuit of accretive acquisitions.”

Since its founding, Oracle has completed 18 acquisitions of independent elevator companies. This transaction provides capital to continue Oracle’s acquisition strategy, helping to accelerate the expansion of the Company’s geographic footprint and position Oracle as the partner of choice for other independent elevator companies when it is time for them to pursue a sale.

“We are thrilled to partner with Paul and the team at Oracle,” said Jeff Farrero, Managing Partner at L Squared. “We are committed to providing the capital and strategic resources to accelerate growth and enhance Oracle’s position as the leading independent elevator maintenance company.”

L Squared Capital Partners, Longview Asset Management and the Oracle management team contributed the equity for the transaction. Twin Brook Capital Partners led the debt financing to support the recapitalization along with co-lenders NXT Capital and Varagon Capital Partners. Vedder Price served as legal counsel to L Squared. BB&T Capital Markets served as an advisor and Cohen Gigsby served as legal counsel to Oracle. The L Squared deal team was comprised of Sean Barrette, Jeff Farrero, and Tyler Huez.


About Oracle Elevator

Oracle Elevator is the leading independent non-union provider of elevator maintenance, repair, and modernization services across all major brands of equipment. The Company was founded in 2004 and currently operates 22 branch locations across 13 states. Oracle is backed by family office investors in partnership with employee shareholders. For additional information, please visit


About L Squared Capital Partners

L Squared Capital Partners is an investment firm with offices in Newport Beach, CA, and Chicago, IL, that seeks to make long-term investments in leading growth companies that operate in targeted sectors: Tech-Enabled Services & Software, Industrial Technology & Services, and Education Technology. Our unique investor base of family offices enables us to focus on long-term value creation driven by revenue and earnings growth, not financial engineering or market timing. The principals of L Squared have worked together for over a decade and have over 60 years of combined experience investing in growing private companies. For additional information, please visit


About Longview Asset Management

Longview Asset Management oversees direct public and private investments on behalf of individuals, trusts, and charitable foundations associated with a private family. Longview's public market investments span a broad range of industries, including health care, manufacturing, aerospace, software, and business and financial services. As a steward of permanent capital with minimal liquidity needs, Longview also works flexibly with management teams and financial sponsors to acquire and hold private businesses, and has completed such investments in a range of industries including ecommerce, banking, manufacturing, direct marketing, education, retail, and hydrocarbon infrastructure.


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