• L Squared portfolio company Functional Devices appointed Derek Coppinger and Laurie Oswald as independent directors on November 4, 2026.
• The appointments complete the board, supporting acquisition-led growth and expansion in the data center market.
• Coppinger previously led Raptor Scientific, a former portfolio company acquired by TransDigm in 2024.
• He will guide acquisitions of complementary building automation component businesses and support their integration into Functional Devices.
• Oswald brings more than 20 years of commercial leadership experience to support Functional Devices’ data center expansion.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. L Squared Capital Partners LLC published the original content used to generate this news brief on November 04, 2026, and is solely responsible for the information contained therein.