Levine Leichtman Capital Partners, a private equity firm in Beverly Hills, acquired ALL4, a consulting services provider specializing in environmental, health and safety issues. Terms of the deal were not disclosed.
Andrew Schwartz, a partner at LLCP, said ALL4, which is headquartered in Philadelphia, has been on the firm’s radar for years and “checks every box for what we look for in an ideal investment” including “technical excellence… superior results (and) … a fantastic track record for growing the business.”
“Additionally, the company’s revenue base is highly recurring and diversified across end markets, customers and projects,” Schwartz said.
Its services include air and water quality, waste management, chemical reporting and management, occupational health and safety, sustainability and more.
LLCP plans to grow ALL4’s geographic footprint, expand its services and seek out add-on acquisitions.
Bill Straub and Kevin Hickey – ALL4 founders – will continue to run the company and will still hold “a significant minority ownership stake,” Schwartz said.
“LLCP (is) a firm that understands our business, appreciates our commitment to our purpose and culture, invests in employee ownership, maintains a management-centric approach and shares our vision for future growth,” Straub said in a statement.
ALL4 meshes well with LLCP’s existing portfolio and history of investing in consulting companies driven by regulatory demand, according to Schwartz.
“We invest in non-cyclical, less correlated industries including business services (where ALL4 falls), education and training, franchising and multi-unit, and engineered products,” Schwartz said, adding that strong margins and favorable cash flow are key qualities LLCP looks for.
