L Squared Capital Partners (“L Squared”) announced today that it has acquired Edko, LLC (“Edko” or the “Company”), a leading provider of regulatory-driven, non-discretionary vegetation management services for critical infrastructure assets across the United States. This investment marks the first platform investment in Fund V, a $2 billion private equity fund that closed in April 2026.

Founded in 1961 and headquartered in Bossier City, Louisiana, Edko serves electric utility, pipeline and refinery, exploration and production, and renewables customers through its 36 branch locations. Edko’s service offering includes its core bareground, foliar, basal, and tree growth regulator applications, in addition to its rapidly growing ancillary services, which include contract forestry, fire mitigation, and other drone-based services through its differentiated unmanned aerial vehicle (UAV) program. Together, these services give customers an end-to-end integrated vegetation management offering. The Company benefits from demand driven by increasing regulatory requirements, rising electricity demand, grid expansion initiatives, and broader asset resiliency plans that aim to mitigate the expensive consequences of asset downtime and regulatory penalties.

“We have been extremely impressed by Edko’s track record of growth and its commitment to safety, compliance, and customer service,” said Tyler Huez, Partner at L Squared. “Our long-term investment horizon is well suited to support Edko’s continued focus on its field organization, its technical capabilities, and the blue-chip customer relationships it has earned over the past 65 years.”

“We are grateful for our rich history and thrilled to have L Squared as a strategic partner,” said Jason Sellers, Chief Executive Officer of Edko. “Their experience scaling field services businesses and deep understanding of our end markets will be invaluable as we expand our integrated offering, enter new geographies, and continue investing in our people who deliver for our customers every day.”

L Squared will work alongside Edko’s management team to support the Company’s growth strategy, pursue acquisitions that extend its footprint, and invest in the Edko team and equipment. This support will further reinforce the service reliability and technical depth that Edko’s customers depend on.

“We are excited to partner with Jason Sellers and the Edko team, who have built a leading herbicidal vegetation management platform in the U.S.,” said Sean Barrette, Managing Partner at L Squared. “This is a highly fragmented market of regional and local providers, and Edko is the natural consolidator. We see a long runway to build on the Company’s organic growth, and we’re proud to make this our first investment out of Fund V.”

L Squared Capital Partners V and its affiliates, in partnership with Edko’s management team, provided the equity to support the transaction. Ares Capital Management LLC and BMO Bank N.A. provided debt financing. Stout Capital, LLC served as financial advisor and Skadden, Arps, Slate, Meagher & Flom LLP served as legal counsel to L Squared. Piper Sandler & Co. and Stifel, Nicolaus & Co., Inc. acted as financial advisors and K&L Gates LLP served as legal counsel to Edko.

About L Squared Capital Partners

L Squared Capital Partners is a private equity investment firm with over $5 billion of equity commitments under management. Headquartered in Newport Beach, CA, L Squared seeks to make long-term investments in leading growth companies operating in targeted sectors: Education Technology, Tech-Enabled Services & Software, and Industrial Technology & Services. L Squared’s unique investor base of family offices and institutions enables the firm 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 15 years and have more than 130 years of combined experience investing in growing private companies. For additional information, please visit www.lsquaredcap.com.

About Edko

Founded in 1961 and headquartered in Bossier City, Louisiana, Edko is a leading herbicidal-focused vegetation management provider serving electric utility, pipeline and refinery, exploration and production, and renewables customers across 30 states. The Company’s fully integrated offering, delivered through 36 branch locations and a highly trained field workforce, helps customers maintain compliance, protect infrastructure reliability, and mitigate wildfire risk. For additional information, please visit www.edkollc.com.

This release is provided for informational purposes only and is not intended as investment advice or an offer or solicitation with respect to the purchase of any investment. Investing with any investment firm is suitable only for qualified investors who fully understand the risks of such an investment. L Squared Capital Partners are investment advisers registered with the United States Securities and Exchange Commission. Registration does not imply a certain level of skill or training. Investments with L Squared Capital Partners are only offered in accordance with applicable securities laws.

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