Capstreet Sells The Colt Group to Levine Leichtman
Private equity firm Capstreet has sold The Colt Group, a provider of online leak repair and specialty mechanical solutions. The buyer is Levine Leichtman Capital Partners.
Houston-based private equity firm Capstreet announced its sale of The Colt Group to Levine Leichtman Capital Partners. The Colt Group specializes in providing online leak repair, line intervention, and specialty mechanical solutions to industrial clients.
Financial terms of the transaction were not disclosed. Capstreet acquired Colt Group in 2020 and has focused on investing in lower middle-market companies offering essential services to industrial and infrastructure markets.
Levine Leichtman Capital Partners, a firm that invests in growth-oriented businesses across various sectors, expands its portfolio with this acquisition in the industrial services space.
The services offered by Colt Group are critical for clients aiming to maintain the operational integrity of their facilities and pipelines, minimizing downtime and ensuring safety without disrupting production.