Levine Leichtman Capital Partners (LLCP) has partnered with management to acquire Trinity Consultants from Gryphon Investors. Trinity is the sixth investment from Levine Leichtman Capital Partners Fund V, LP.
Trinity is an environmental consulting firm that specializes in providing air quality services to satisfy regulatory-driven permitting and compliance needs, as well as sustainability goals. Trinity has specific expertise in the energy, manufacturing, industrial, and utilities sectors. The company, through a staff of over 450 consultants across 48 offices worldwide, provides its consulting services at several thousand sites annually. Trinity was founded in 1974 and is headquartered in Dallas (www.trinityconsultants.com).
“We are excited to partner with CEO Jay Hofmann and the rest of the 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,” said Lauren Leichtman, Co-Founder and CEO of LLCP. “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.”
Levine Leichtman manages approximately $7 billion of capital through private equity partnerships, distressed debt and leveraged loan funds. The firm is based in Los Angeles with offices in Chicago, Dallas, New York, London and The Hague (www.llcp.com).
Jay Hofmann, Trinity’s President & Chief Executive Officer, and the rest of the management team will retain significant ownership in the company and will continue to lead Trinity under LLCP ownership. “LLCP has a long history of being a value-added partner to its portfolio companies through their strategic, financial and M&A expertise, and I expect our partnership to contribute meaningfully to the continued growth of our business,” said Mr. Hofmann.
Gryphon Investors, which first invested in Trinity Consultants in November 2011, makes leveraged acquisitions and growth investments in middle-market companies. The firm invests from $35 million to $100 million of capital in companies with sales ranging from $50 million to $400 million. Sectors of interest include business services, consumer and retail, automotive, chemical, general manufacturing, health care and hotels. The firm is based in San Francisco (www.gryphoninvestors.com).
© 2015 PEPD • Private Equity’s Leading News Magazine • 9-2-15
