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

Levine Leichtman Capital Partners Acquires The Colt Group

August 31, 2026

Industrial Services

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.

Levine Leichtman Capital Partners Acquires USA Water

February 22, 2024

Utilities

Levine Leichtman Capital Partners (LLCP) has acquired USA Water from Warren Equity Partners, with management reinvesting and continuing to lead the company. Headquartered in Rosenberg, Texas, USA Water provides operations and maintenance (O&M) services for water and wastewater systems across the Southeast United States; LLCP plans to broaden its service capabilities and geographic footprint through organic growth and strategic acquisitions.

Sky Island Capital Makes Majority Investment in USA Industries

January 18, 2022

Manufacturing

Dallas-based private equity firm Sky Island Capital has made a majority investment in USA Industries, a South Houston, Texas manufacturer of piping isolation and testing products, alongside the company's second-generation founding family. Sky Island will support USA Industries' growth plan and product/solutions expansion through operational and financial resources as the company continues serving refining, petrochemical, chemical, industrial and OEM end markets.

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 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.

Levine Leichtman Capital Partners and Management Acquire Club Champion

February 5, 2019

Retail

Levine Leichtman Capital Partners (LLCP) partnered with Club Champion management to acquire Club Champion, a leading U.S. provider of custom golf club fitting services and retail golf equipment. Headquartered in Willowbrook, Illinois, Club Champion operated 47 stores across 25 states at the time of the transaction and will pursue continued store expansion under LLCP's ownership.