Levine Leichtman buys Texas industrial repair firm Colt Group
What's the deal? Levine Leichtman Capital Partners (LLCP)Dealroom has a profile for this one. Try Dealroom →, a Los Angeles-based private equity firm, has acquired the ColtDealroom has a profile for this one. Try Dealroom → Group in partnership with the company's management. Financial terms were not disclosed.
What does Colt do? Founded in 1981 and based in Pasadena, Texas, Colt is a specialty industrial services company providing emergency repair services — including online leak repair, hot tapping, line intervention, and field machining — to industrial and municipal clients. Its work helps customers avoid costly, unplanned shutdowns.
What changes? Not much at the top. CEO Jason Box and the existing executive team will continue to lead Colt and remain significant investors in the business.
What's the rationale? LLCP plans to expand Colt's people, capabilities, and geographic footprint. "The Company's services help customers avoid costly downtime and extend the life of critical infrastructure assets," said Matthew Rich, a partner at LLCP.
Why LLCP? Colt is the fifth platform investment of Levine Leichtman Capital Partners VIIDealroom has a profile for this one. Try Dealroom →. The firm has invested extensively in infrastructure services, including USA WaterDealroom has a profile for this one. Try Dealroom →, In-Place MachiningDealroom has a profile for this one. Try Dealroom →, USA IndustriesDealroom has a profile for this one. Try Dealroom →, All4Dealroom has a profile for this one. Try Dealroom →, and Trinity ConsultantsDealroom has a profile for this one. Try Dealroom →.
Who advised? LLCP was advised by Harris WilliamsDealroom has a profile for this one. Try Dealroom → and Kirkland & EllisDealroom has a profile for this one. Try Dealroom →. Colt was advised by Houlihan LokeyDealroom has a profile for this one. Try Dealroom → and Willkie Farr & GallagherDealroom has a profile for this one. Try Dealroom →.
The signal: The deal extends LLCP's push into industrial services, a sector built on recurring, mission-critical maintenance work. For a firm managing $15 billion in assets, Colt adds a nationwide platform in asset integrity — a steady niche insulated from the swings of broader industrial demand.
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