Sale to Levine Leichtman Capital Partners, LLC

Industrial
Sale to Levine Leichtman Capital Partners, LLC

Summary

Baird served as the exclusive financial advisor to Milton Industries, Inc. on this transaction

About

Milton Industries, Inc. (“Milton” or the “Company”), a portfolio company of Crimson Investment (“Crimson”), recently announced its sale to Levine Leichtman Capital Partners, LLC (“LLCP”). Terms of the transaction were not disclosed.

Milton is a leading provider of highly-engineered tools and accessories for pneumatic applications across a variety of end markets, including vehicle service, industrial MRO, aerospace and defense and agriculture. The Company has over 1,600 SKUs, including couplers, gauges, chucks, blow guns, filters, regulators and lubricators. Milton was founded in 1943 and is based in Chicago, Illinois.

Crimson Investment is a global private equity firm that provides buyout and growth capital financing to middle market companies. Crimson has a 20-year investment track record and is headquartered in San Francisco, California.

Levine Leichtman Capital Partners, LLC is a middle-market private equity firm with a 35-year track record of investing across various targeted sectors, including franchising, professional services, education and engineered products. LLCP utilizes a differentiated Structured Equity investment strategy, combining debt and equity capital investments in portfolio companies. LLCP currently manages $6.4 billion of assets – including its most recent flagship fund, Levine Leichtman Capital Partners VI, L.P., which closed in 2018 with $2.5 billion of committed capital – and has offices in Los Angeles, New York, Dallas, Chicago, Charlotte, London, Stockholm and The Hague.
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Industrial
Sale to Levine Leichtman Capital Partners, LLC
Date
November 2019
Company
Milton Industries, Inc.
Transaction
M&A
Sectors
Industrial
Target Location
North America
Acquiror Location
North America

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