- LLCP invests in the middle market
- LLCP currently manages $8.9 billion of assets
In-Place Machining, a portfolio company of Levine Leichtman Capital Partners, has acquired Portland, Oregon-based Western Machine Works, a provider of mechanical design, repair, and maintenance services for precision components. No financial terms were disclosed.
IPM is a provider of on-site field machining and precision measurement and alignment services for mission-critical infrastructure and industrial equipment.
On the deal, Matthew Rich, a partner at LLCP, said in a statement, “We are pleased to complete IPM’s third acquisition under our ownership, which reflects our commitment to the Company’s acquisition-driven and organic growth plans. The addition of WMW diversifies IPM’s presence in several targeted end markets, and further enhances its ability to be a strong partner for its clients across North America.”
LLCP invests in the middle market.
LLCP currently manages $8.9 billion of assets and has offices in Los Angeles, New York, Chicago, Charlotte, Miami, London, Stockholm, The Hague and Frankfurt.