Kano Laboratories, a producer of branded oils and lubricants, has been sold by Gryphon Investors to L Squared Capital Partners.Kano specializes in industrial maintenance, repair, and operations (MRO) products and is known for its Kroil brand.Gryphon's partnership with Kano helped transform the business and solidify its position in the market.L Squared Capital Partners plans to partner with Kano to further scale its reach and growth.