Mesirow Advises L&J Technologies on its Sale to CogneSense
- L&J Technologies designs, engineers and manufactures solutions to enable liquid level gauging, test & measurement and safety and compliance for industrial tank applications
- Mesirow acted as the exclusive financial advisor on this transaction, highlighting the firm’s continued success in the industrial technology sector
CHICAGO, August 6, 2024 – Mesirow, an independent, employee-owned financial services firm, has announced it acted as the exclusive financial advisor to L&J Technologies (“L&J” or the “Company”) on its sale to CogneSense, becoming the first investment in L Squared Capital Partners’ Sensing and IoT platform.
Based in Hillside, IL, L&J Technologies has 50+ years expertise in developing precision level gauging, testing and connectivity systems for industrial tank applications. L&J services customers in the wastewater, oil & gas, chemical, food and other industries.
Nathan Moeri, Managing Director of Mesirow Investment Banking, said, “We are pleased to have advised L&J Technologies throughout this process. The Company’s engineering capabilities and customizable portfolio of solutions has supported further expansion in markets such as wastewater, resulting in impressive growth. We are excited to witness the Company’s continued growth trajectory as part of CogneSense and L Squared.”
“Mesirow offered unwavering support throughout this transaction, utilizing their long-standing relationships and expertise within the industrial technology markets to identify the ideal partner for L&J,” said Lou Jannotta, Founder and President of L&J Technologies.
The sale of L&J Technologies represents another successful industrial technology assignment completed by Mesirow Investment Banking. Mesirow Investment Banking has completed over 325 transactions in recent years across its covered verticals. Committed to leveraging extensive sector-specific expertise across industry groups and nurturing deep, longstanding relationships, Mesirow has a proven track record of completing highly tailored and successful transactions on behalf of its clients.