Levine Leichtman Capital Partners Acquires The Colt Group
August 31, 2026
Levine Leichtman Capital Partners (LLCP) has acquired The Colt Group in partnership with management in its fifth Fund VII platform investment. Colt is a specialty industrial services provider delivering emergency repair and asset integrity services such as online leak repair, hot tapping, line intervention, and field machining. Financial terms were not disclosed and the company’s CEO and executive team will continue leading the business as significant investors.
- Targets
- The Colt Group
- Sellers
- Colt’s existing shareholders/sellers (not explicitly named)
- Platforms
- The Colt Group (LLCP Fund VII platform)
- Industry
- Industrial Services
- Location
- Texas, United States
- Transaction Type
- Buyout
Explore More
Related Acquisitions
-
Capstreet Sells The Colt Group to Levine Leichtman Capital Partners
September 1, 2026
Industrial Services
Capstreet has sold The Colt Group, a provider of on-line leak repair, hot tapping, line intervention, and specialty mechanical solutions, to Levine Leichtman Capital Partners (LLCP). Colt will continue under its existing executive leadership, with CEO Jason Box and the management team remaining significant investors.
-
The Colt Group Acquires Watertap, Inc.
January 15, 2026
Industrial Services
The Colt Group, a Houston-based industrial leak repair and mechanical solutions provider backed by Capstreet, has acquired Watertap, Inc., a Wixom, Michigan-based provider of critical line intervention services. The add-on expands Colt's line intervention platform and regional coverage across the Great Lakes, while retaining Watertap's team; terms were not disclosed.
-
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.
-
The Colt Group Acquires Plant Services, Inc.
December 3, 2024
Industrial Services
The Colt Group, a Houston-based provider of on-line industrial leak repair solutions backed by Capstreet, has acquired Plant Services, Inc. (PSI), a Worden, Montana-based specialist in on-line leak repair, hot tapping, line stopping and field machining, expanding Colt's footprint across the Rocky Mountain region. Terms were not disclosed; NXT Capital provided financing in support of Capstreet's add-on acquisition and refinancing of The Colt Group.
-
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.
-
Levine Leichtman Capital Partners Acquires Milton Industries
November 22, 2019
Manufacturing
Levine Leichtman Capital Partners (LLCP) partnered with Milton Industries' management to acquire Milton Industries, a Chicago-based manufacturer of pneumatic tools and accessories. Milton offers over 1,600 SKUs serving vehicle service, industrial MRO, aerospace & defense and agriculture; the deal is the sixth investment from LLCP's Lower Middle Market Fund.
Build a buyer list for your deal
Find active buyers from recent acquisition patterns and move straight into outreach.