Levine Leichtman Capital Partners (LLCP) has made an investment in Allied Aerofoam Products. The investment in Allied Aerofoam will be made out of Levine Leichtman Capital Partners Private Capital Solutions, LP and LLCP Co-Investment Fund, LP.
Allied Aerofoam is a fabricator of niche foam products that are used in an array of end-markets and applications including pet beds, packaging, specialty children’s furniture and marine cushions. The company was founded in 1988 and is headquartered in Tampa with additional manufacturing facilities in Atlanta and Thomasville, GA, and Milan, TN (www.alliedaerofoam.com).
Alan Rash will continue to lead Allied Aerofoam in his current role as Chief Executive Officer along with Bill Carrington, the company’s President.
“We are excited to partner with Alan and Bill and the rest of the management team who have led the growth of Allied Aerofoam and solidified its position as a market leader in the foam fabrication industry,” said Lauren Leichtman, Co-Founder and CEO of LLCP. “The company has an outstanding reputation for design, quality and customer service as shown by its ability to consistently introduce new products and enter additional end markets.”
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).
“I am very excited about LLCP’s investment and believe that the firm’s strategic and financial expertise will make them a great partner as we continue to grow the business,” said Mr. Rash.
Allied Aerofoam was advised by Oppenheimer & Co. (www.opco.com).
2015 PEPD • Private Equity’s Leading News Magazine • 5-21-15
