LOS
ANGELES, June 27, 2024 /PRNewswire/ -- Levine
Leichtman Capital Partners ("LLCP"), a Los Angeles-based private equity firm, today
announced that it has acquired NSL Analytical Services, Inc. ("NSL"
or the "Company") in partnership with management. Financial terms
of the transaction were not disclosed.
NSL is a leading materials testing provider serving a diverse
client base across highly-regulated and technologically-advanced
end markets, including aerospace & defense, advanced materials,
and electronics, among others. NSL's experienced chemists,
metallurgists and technicians are experts in testing a wide range
of materials and finished components, serving the recurring and
non-discretionary testing needs of clients throughout the U.S. and
across the world. The Company is committed to providing testing
speed, accuracy and exceptional customer service, acting as a
critical partner in fulfilling customers' operational and
compliance requirements. NSL was founded in 1945 and serves its
customers from the Company's laboratories located in Cleveland, Ohio.
"We are thrilled to partner with NSL, a leader in the materials
testing and analysis sector," said Matthew
Frankel, Managing Partner at LLCP. "NSL has established
itself as a trusted partner for a loyal client base across numerous
high-performance industries. We are excited to work with the NSL
team to broaden the Company's testing capabilities and geographic
footprint through both organic initiatives and strategic
acquisitions."
"Our new partnership with LLCP will further guide and fuel NSL's
growth in support of the critical quality assurance testing our
team delivers to clients world-wide," said CEO Ron Wesel. "In an ever-increasing
technology-driven world, NSL's material testing capabilities
provide the confidence and security demanded by traditional and
evolving production methods such as additive manufacturing."
NSL is the sixth platform investment of LLCP Lower Middle Market
III, L.P. Across its funds, LLCP has invested extensively in the
testing, inspection, certification and compliance ("TICC")
industry, including investments in companies such as FlexXray,
Technical Safety Services, Trinity Consultants, and Encore Fire
Protection, among others.
Honigman LLP acted as legal counsel to LLCP on the
transaction.
About Levine Leichtman Capital Partners
Levine
Leichtman Capital Partners, LLC is a middle-market private equity
firm with a 40-year track record of investing across various
targeted sectors, including Business Services, Franchising &
Multi-unit, Education & Training and Engineered Products &
Manufacturing. LLCP utilizes a differentiated Structured Private
Equity investment strategy, combining debt and equity capital
investments in portfolio companies. LLCP believes that by investing
in a combination of debt and equity securities, it offers
management teams growth capital in a highly tailored, flexible
investment structure that can be a more attractive alternative than
traditional private equity.
LLCP's global team of dedicated investment professionals is led
by 10 partners who have worked at LLCP for an average of 19 years.
Since inception, LLCP has managed approximately $14.8 billion of institutional capital across 15
investment funds and has invested in over 100 portfolio companies.
LLCP currently manages $10.2 billion
of assets and has offices in Los
Angeles, New York,
Chicago, Miami, London, Stockholm, Amsterdam and Frankfurt.
Media Contact: Cathy Thomas,
cthomas@llcp.com
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SOURCE Levine Leichtman Capital Partners, LLC