Longacre Group (“Longacre”), a United Kingdom based financial investor, has divested its portfolio company Pioneer Safety Group Limited (“PSG” or the “Company”), a global leader in ATEX-certified explosion protection and cutting-edge safety solutions for businesses operating in hazardous or harsh environments, to Cognesense L&J Holdings, LLC (“Cognesense”), a portfolio company of L Squared Capital Management LP (“L Squared”).
The addition of Pioneer Safety Group’s brands — Pyroban, Pyropress, Ex-tech, Petrel, and ExSolutions — significantly expands Cognesense’s portfolio of certified explosion protection and physical safety solutions, providing increased value to customers across its nine target industries including energy, terminals, chemicals, water, aviation, aerospace and defence, infrastructure, power, and food and beverage. The acquisition also extends Cognesense’s worldwide environmental technology footprint by adding substantial manufacturing and engineering capabilities in the UK and Europe, while establishing a powerful platform for continued expansion across the globe.
About Pioneer Safety Group
Pioneer Safety Group, headquartered in the UK, is a global provider of ATEX and IECEx-certified explosion protection, safety systems, and hazardous-area compliance services. Its brands — Pyroban, Pyropress, Ex-tech, Petrel, and ExSolutions — help operators in energy, chemicals, aviation, aerospace and defence, infrastructure, and food and beverage safeguard their people, assets, and operations in the most demanding environments.
About Cognesense
Cognesense is a worldwide environmental technology company that engineers trusted intelligence from the physical world, built on products customers have trusted for over a century. Built around four critical areas of impact — protecting the planet, safeguarding public health, preserving natural resources, and driving safety and operational excellence — Cognesense brings together Varec, L&J Technologies, Shand & Jurs, Shand & Jurs Biogas, Sonitus Systems, Pyroban, Pyropress, Ex-tech, Petrel, and ExSolutions under a unified mission: measure. monitor. protect. The company owns every layer of the technology stack from sensor to intelligence, with its Clairvoyance integration platform at the heart, serving nine major industries across the Americas, Europe, and Asia-Pacific.
About L Squared Capital Partners
L Squared Capital Partners is a private equity investment firm headquartered in Newport Beach, CA, with approximately $5.3 billion of historical cumulative capital commitments that seeks to make long-term investments in leading growth companies operating in targeted sectors: Education Technology, Technology-Enabled Services & Software, and Industrial Technology & Services.
EC M&A served as financial advisor to Longacre on this transaction.