Levine Leichtman Capital Partners, a Los Angeles-based private equity firm, has partnered with management to acquire USA Industries from Sky Island Capital.
The transaction, which closed with undisclosed terms, was announced as a platform investment for LLCP Lower Middle Market Fund III LP. The deal underscores LLCP’s continued focus on engineered products businesses with strong market positions. Founded in 1982 and based in Houston, Texas, USA Industries manufactures industrial flow control and testing products, including piping isolation tools, tube plugs, and related components. The company serves customers across critical end markets such as pharmaceuticals, industrials, refineries and chemicals.
Honigman served as LLCP’s legal counsel, while Churchill provided debt financing. On the sell-side, Piper Sandler acted as financial advisor to USA Industries, with Jones Day providing legal counsel.