- TSS was founded in 1970
- LLCP invests in the middle market
- LLCP currently manages $8.4 billion of assets
Technical Safety Services, a portfolio company of Levine Leichtman Capital Partners, has acquired Ontario, California-based CEPA Operations Inc, a provider of regulatory certification services for controlled environment equipment used in mission-critical pharmaceutical and healthcare settings. No financial terms were disclosed.
La Jolla, California-based TSS is a provider of testing, inspection, certification, and calibration services to customers in the pharmaceutical, biotechnology, healthcare and other life sciences end markets. TSS was founded in 1970.
Matthew Rich, a partner at LLCP, said in a statement, “We are excited to deepen our partnership with TSS through this acquisition, another important step in the highly successful strategic M&A program executed by the Company’s leadership team. This acquisition will further enhance TSS’s capabilities to deliver best-in-class support to its clients who play a critical role in advancing health and human safety.”
Levine Leichtman Capital Partners, LLC is a middle-market private equity firm that invests across various targeted sectors. Since inception, LLCP has managed approximately $13.1 billion of institutional capital across 15 investment funds and has invested in over 100 portfolio companies. LLCP currently manages $8.4 billion of assets.
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