Levine Leichtman Capital Partners takes majority stake in Colt Group

Alongside the significant reinvestment of the existing executive management team led by Chief Executive Officer Jason Box, Levine Leichtman Capital Partners secures control of the Colt Group. Announced on August 31, 2026, the formalized acquisition agreement establishes the Texas-based industrial services provider as the fifth dedicated platform investment executed through the Levine Leichtman Capital Partners VII, L.P. institutional investment vehicle. The transaction mechanics ensure that the current corporate leadership remains embedded as significant minority shareholders, directing the localized expansion roadmap and maintaining established client protocols. Strategically, Levine Leichtman Capital Partners intends to inject dedicated growth capital to rapidly expand the specialized engineering workforce, modernize technical intervention capabilities, and aggressively broaden the geographic footprint of the acquired platform. This capital allocation directly aligns with the acquiring sponsor's extensive historical track record in consolidating the North American infrastructure services space, following its successful previous investments in specialized operators such as USA Water, In-Place Machining, USA Industries, All4, and Trinity Consultants. To execute this mid-market corporate buyout, the financial sponsor assembled a specialized transaction advisory consortium. Levine Leichtman Capital Partners mandated the investment banking firm Harris Williams to provide buy-side financial advisory services, while retaining Kirkland & Ellis LLP to structure the legal and regulatory compliance frameworks. Conversely, the selling shareholders and the Colt Group management team were exclusively advised on financial matters by Houlihan Lokey, Inc., with comprehensive sell-side legal counsel delivered by Willkie Farr & Gallagher LLP. The completed transaction formally transitions the technical service provider into a robust institutionalized holding environment geared toward accelerated multi-regional scaling.

By taking control of Colt Group, Levine Leichtman Capital Partners continues its expansion strategy. Previously, the group had completed 2 acquisitions, including USA Water in 2024.