Levine Leichtman Capital Partners Acquires Milton Industries

Milton Industries Acquires Steck Manufacturing

March 16, 2023

Manufacturing

Milton Industries, backed by financial sponsor Levine Leichtman Capital Partners (LLCP), has acquired Steck Manufacturing Company, a Dayton, Ohio-based maker of specialty hand tools for the automotive aftermarket, collision repair, lockout and towing markets. The deal is an add-on to Milton's vehicle aftermarket platform intended to expand its product offerings, distribution reach and end-market presence.

Levine Leichtman Capital Partners and Management Acquire USA Industries from Sky Island Capital

December 16, 2025

Manufacturing

Levine Leichtman Capital Partners (LLCP) has partnered with USA Industries’ management team to acquire USA Industries, LLC from Sky Island Capital. USA Industries, a South Houston-based manufacturer of piping isolation, tube plugs, orifice plates and heat-exchanger tools, will continue to be led by CEO Justin Watts as a platform investment for LLCP's Lower Middle Market Fund III; financial terms were not disclosed.

Milton Industries Acquires ProMAXX Tool

December 7, 2022

Manufacturing

Chicago-based Milton Industries, in partnership with financial sponsor Levine Leichtman Capital Partners (LLCP), has acquired ProMAXX Tool, a designer and manufacturer of on-the-vehicle exhaust manifold repair kits and specialty hand tools. The acquisition expands Milton's product offering and market channels in the automotive and heavy-duty truck aftermarket; ProMAXX's founder Jeff Del Rossa will lead Milton's Specialty Tool Group.

Levine Leichtman Capital Partners Acquires In-Place Machining Company

September 22, 2021

Industrial Services

Levine Leichtman Capital Partners (LLCP), in partnership with In-Place Machining Company management, has acquired In-Place Machining Company (IPM) from Platte River Equity. LLCP intends to support IPM's continued growth through organic initiatives and potential add-on acquisitions while the existing management team remains in place.

Levine Leichtman Capital Partners Invests in cleversoft

June 12, 2023

Software

Levine Leichtman Capital Partners (LLCP) has agreed to invest in cleversoft Group GmbH in partnership with founder Florian Clever and the existing management team, with Main Capital Partners exiting its prior investment. cleversoft, a Munich‑headquartered RegTech software provider serving global banks, asset managers and insurers, will use the investment to scale internationally and pursue organic growth and select acquisitions; terms were not disclosed.

Milton Industries Acquires LTI Tools (Lock Technologies) and Casey Tools

July 22, 2022

Manufacturing

Milton Industries has acquired Lock Technologies (designer and manufacturer of the LTI Tools brand) and the Casey Tools brand, both based in Naperville, Illinois. The deal expands Milton's product lineup and distribution channels into specialty automotive and technician tools; Wayne and Ellery Casey (the sellers) will remain involved in transition roles and retain/receive equity positions.