- LLCP is partnering with management in this deal
- CEO Jason Box will continue to lead the company
- LLCP was advised by Harris Williams and Kirkland & Ellis
LLCP, a Los Angeles-based private equity firm, has acquired the Colt Group, a provider of critical emergency repair services to a diversified industrial and municipal client base. Financial terms were not disclosed.
LLCP is partnering with management in this deal. CEO Jason Box will continue to lead the company.
Colt was founded in 1981. Headquartered in Pasadena, Texas, Colt Group offers a suite of services, including online leak repair, hot tapping, line intervention, field machining, and other related services.
Through its nationwide service network, engineering capabilities and manufacturing expertise, Colt helps its customers maintain operational continuity while avoiding costly and unplanned shutdowns.
The Colt Group represents Leichtman Capital Partners VII’s fifth platform investment.
LLCP was advised by Harris Williams and Kirkland & Ellis LLP on the transaction. The Colt Group was advised by Houlihan Lokey, Inc. and Willkie Farr & Gallagher LLP.