Levine Leichtman Capital Partners sells Trinity Consultants
Levine Leichtman Capital Partners (LLCP), a Los Angeles-based private equity firm, has sold its ownership stake in portfolio company Trinity Consultants to Oak Hill Capital (Oak Hill), with Trinity Consultants employees maintaining a significant minority ownership position.
Financial terms of the transaction have not been disclosed.
Founded in 1974, Trinity Consultants is a leading provider of regulatory-driven environmental, health & safety (EHS), engineering and sciences consulting services. The Company employs over 1,000 professionals specialising in highly technical, compliance-driven services that address clients’ mission-critical needs. Trinity is headquartered in Dallas, Texas and operates from over 70 offices worldwide, with a national footprint in the US and a presence in key international markets across North America, Europe, Asia and Australia.
Over the course of LLCP’s investment, Trinity Consultants completed 17 acquisitions, further cementing its position as a market leader in air quality consulting, and expanding its offerings across other strategic EHS, engineering and sciences service areas.
Andrew Schwartz, Partner at LLCP, says: “Jay Hofmann and the entire Trinity Consultants team have built a truly unique business that is well-positioned for continued growth as a result of its incredible culture built around great people, broad employee ownership and excellent client service. The Trinity Consultants investment has been very successful for both LLCP and the Company’s employee shareholders, driven by organic growth and the execution of strategic M&A which has expanded its service offerings, end markets and geographic breadth. We are excited for the future of Trinity Consultants and wish the team continued success in their next chapter with Oak Hill.”
Jay Hofmann, President and CEO of Trinity Consultants, says: “LLCP has been a tremendous partner as we strategically scaled our business and established a global platform poised for continued growth. We benefited significantly from their management-centric approach, valuable strategic insights, and support of both organic growth initiatives and accelerated M&A efforts.”
The sale of Trinity Consultants is LLCP’s sixth recent successful exit, following Nothing Bundt Cakes, ZorgDomein, Jonathan Engineered Solutions, Futurewhiz and Pacific Handy Cutter.
Baird served as lead financial advisor to Trinity Consultants, with support from Piper Sandler, and Kirkland and Ellis LLP served as legal counsel in connection with the sale.