Levine Leichtman Capital Partners Acquires The Colt Group
Levine Leichtman Capital Partners (LLCP) has acquired the Colt Group in a partnership with its management team. Founded in 1981, the Colt Group is a specialty industrial services company based in Pasadena, Texas, offering emergency repair and maintenance solutions to both industrial and municipal clients across the U.S. The acquisition marks LLCP's fifth platform investment under its VII fund. The firm has previously invested heavily in infrastructure-related sectors such as water treatment and engineering services. Colt will continue operations with CEO Jason Box leading alongside his executive team, who remain significant investors in the business. Both parties expressed confidence that this partnership would support future growth while maintaining high service standards. LLCP is a global private equity firm known for its structured investment strategy combining debt and equity capital to provide flexible funding solutions. The Colt Group was advised by Houlihan Lokey and Willkie Farr & Gallagher, while LLCP worked with Harris Williams and Kirkland & Ellis on the deal.
Topics: acquisition Colt Group specialty industrial services