Levine Leichtman closes Trinity buy

Trinity Consultants said Thursday has closed its sale of a controlling stake to Levine Leichtman Capital Partners. Gryphon Investors was the seller. The deal was announced in August. Dallas-based Trinity is an environmental consulting firm that provides air quality compliance and permitting services. William Blair acted as lead advisor to Trinity and Gryphon, while Harris Williams and Lincoln International served as co-advisors on the transaction.


Trinity Consultants, an international environmental consulting firm that specializes in industrial air quality issues, announced today that it has partnered with Levine Leichtman Capital Partners (LLCP), a Los Angeles-based private equity firm to purchase Gryphon Investors’ controlling interest in the Company. Trinity management and employees will maintain significant equity ownership in the Company following the transaction. John E. (Jay) Hofmann, Trinity’s President/CEO since 2001, remains at the helm.
According to Jay Hofmann, “Trinity’s management team is pleased to partner with LLCP going forward. We are confident that the LLCP team understands our business model and supports our growth objectives. We look forward to working together to grow the company in a way that supports both clients and employees.”
Lauren Leichtman, Co-Founder and CEO of LLCP commented, “We are excited to partner with the Trinity management team who have led the tremendous growth of Trinity and established it as the leading brand in air quality consulting services across the country. Having followed Trinity for several years, we see our new partnership as a unique opportunity to work with a proven leadership team to continue executing their business plan over the long run.”
William Blair acted as lead advisor to Trinity and Gryphon, while Harris Williams and Lincoln International served as co-advisors on the transaction. Kirkland & Ellis LLP and Gibson Dunn LLP served as company counsel on the transaction. LLCP was represented by Milbank, Tweed, Hadley & McCloy LLP.
About Trinity Consultants
Founded in 1974, Trinity Consultants is based in Dallas, Texas and has 48 offices throughout the U.S., Canada, China, and the Middle East. Trinity performs more than 2,000 environmental consulting projects annually, primarily focusing on permitting and compliance, as well as broader sustainability goals. Trinity has a diverse client base in highly regulated industries including chemicals, oil and gas, electricity, cement, forest products, and general manufacturing. Trinity also markets Breeze environmental modeling software, implements technology solutions for EHS information management, and provides professional EHS training and EHS staffing services. SafeBridge Consultants, a Trinity Consultants company, provides occupational health science and toxicology services to the life sciences industry.
About Levine Leichtman Capital Partners
LLCP is a Los Angeles, California based private investment firm that has managed approximately $7.0 billion of institutional capital since its inception. LLCP invests in middle market companies located in the United States and Europe. LLCP invests its capital through private equity partnerships and various debt and leveraged loan funds. LLCP is currently making new investments through Levine Leichtman Capital Partners V, L.P., Levine Leichtman Capital Partners SBIC Fund, L.P., Levine Leichtman Capital Partners Private Capital Solutions, L.P., Levine Leichtman Capital Partners Europe, L.P. and LLCP Co-Investment Fund, L.P. LLCP has offices in Los Angeles, New York, Dallas, Chicago, London and The Hague. For further information please see http://www.llcp.com.