LOS ANGELES, CA--(Marketwired - May 16, 2016) - Levine Leichtman Capital Partners ("LLCP"), a Los Angeles-based private equity firm, announced today that is has partnered with management to complete the acquisition of Pacific Handy Cutter, Inc. ("PHC" or the "Company"). PHC is a recognized leader in the industrial safety market as a manufacturer of highly specialized cutting tools and replacement blades. PHC's products are sold directly to major retailers, grocery store chains, food service companies and through industrial products distributors. The Company's products are engineered to eliminate workplace injuries, reduce damaged merchandise and improve productivity.
According to Lauren Leichtman, Co-Founder and CEO of LLCP, "We are thrilled to partner with Mark Marinovich, CEO, Joe Garavaglia, CFO, and the rest of the management team who have built the market leading manufacturer of safety cutters and related accessories. We look forward to the continued growth and success of the business."
Regarding the transaction, Mark Marinovich commented, "We are very excited about partnering with LLCP, as I believe they are the right partner to help PHC further strengthen its market position and advance in its next stage of growth."
About Levine Leichtman Capital Partners
LLCP is a Los Angeles, California based private investment firm that has managed approximately $7.0 billion of institutional capital since its inception. LLCP invests in middle market companies located in the United States and Europe. LLCP is currently making new investments through Levine Leichtman Capital Partners V, L.P., Levine Leichtman Capital Partners SBIC Fund, L.P., Levine Leichtman Capital Partners Private Capital Solutions, L.P., Levine Leichtman Capital Partners Europe, L.P. and LLCP Co-Investment Fund, L.P. LLCP has offices in Los Angeles, New York, Dallas, Chicago, London and The Hague.
Contact Information:
David Wolmer
310-275-5335