Levine Leichtman Capital Partners Acquires The Colt Group

LOS ANGELES, Aug. 31, 2026 /PRNewswire/ -- Levine Leichtman Capital Partners ("LLCP"), a Los Angeles-based private equity firm, today announced that it has acquired the Colt Group (the "Company" or "Colt") in partnership with management. Financial terms of the transaction were not disclosed.

Founded in 1981 and headquartered in Pasadena, Texas, the Colt Group is a leading specialty industrial services company that provides critical emergency repair services – including online leak repair, hot tapping, line intervention, field machining, and other related services – to a diversified industrial and municipal client base. Through its nationwide service network, engineering capabilities and manufacturing expertise, Colt helps its customers maintain operational continuity while avoiding costly, unplanned shutdowns.   Over more than four decades, Colt has established a reputation as a trusted partner for mission-critical asset integrity and reliability solutions.

"We are thrilled to partner with the Colt management team and support the next phase of the Company's growth. Colt has built a market-leading platform distinguished by its technical expertise, exceptional customer service, and mission-critical value proposition," said Matthew Rich, Partner at LLCP. "The Company's services help customers avoid costly downtime and extend the life of critical infrastructure assets, making Colt a trusted partner across a highly diverse customer base. We look forward to investing in the organization's people, capabilities, and geographic footprint as the Company continues to expand its leadership position."

The Colt Group will continue to be led by CEO Jason Box and the existing executive team, who will remain significant investors in the business.

"We are delighted to partner with LLCP as we enter our next chapter. LLCP shares our commitment to customer service, safety and operational excellence, while bringing significant experience helping businesses like ours accelerate growth. LLCP has a compelling track record within our sector and brings a strong reputation as an excellent partner to management teams," said Mr. Box. "We are eager to leverage their industry knowledge, expertise, and resources to drive our next phase of growth, while maintaining the responsiveness and technical expertise our customers rely upon every day." 

The Colt Group is the fifth platform investment of Levine Leichtman Capital Partners VII, L.P.  Through its history, LLCP has invested extensively in the infrastructure services space, including investments in USA Water, In-Place Machining, USA Industries, All4 and Trinity Consultants. 

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.

About Levine Leichtman Capital Partners

Levine Leichtman Capital Partners, LLC is a global middle-market private equity firm with a 42-year track record of investing across various targeted sectors, including Business Services, Franchising & Multi-unit, Education & Training and Engineered Products. LLCP utilizes a differentiated Structured Private Equity investment strategy, combining debt and equity capital investments in portfolio companies. LLCP believes that by investing in a combination of debt and equity securities, it offers management teams growth capital in a highly tailored, flexible investment structure that can be a more attractive alternative than traditional private equity.

LLCP's global team of dedicated investment professionals is led by 9 partners who have worked at LLCP for an average of 21 years. Since inception, LLCP and its affiliates have managed approximately $20.6 billion of capital across nearly 20 investment funds and invested in approximately 120 portfolio companies. LLCP currently manages $15.0 billion of assets and has offices in Los Angeles, New York, Chicago, Miami, London, Stockholm, Amsterdam and Frankfurt.

Isabel Moon, [email protected]

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SOURCE Levine Leichtman Capital Partners, LLC