Levine Leichtman Capital Partners (“LLCP”), a Los Angeles-based private equity firm, announced that it has partnered with management to acquire Milton Industries, Inc. (“Milton” or the “Company”).

Milton is a leading provider of highly-engineered tools and accessories for pneumatic applications across a variety of end markets, including vehicle service, industrial MRO, aerospace and defense, and agriculture. The Company has over 1,600 SKUs with products including couplers, gauges, chucks, blow guns, filters, regulators, and lubricators. Milton was founded in 1943 and is based in Chicago, Illinois.

According to Micah Levin, a Managing Director of LLCP, “We are excited to partner with the management team of Milton which has led the Company’s growth over the past several years and solidified its position as a market leader in pneumatic products.  We look forward to collaborating to deliver a successful outcome for all.”

Greg Carlson, CEO of Milton, commented, “My team and I are thrilled to partner with LLCP to enhance Milton’s market-leading position.  LLCP’s experience with similar business models will be valuable to our continued development, and I look forward to the next chapter of growth for Milton.”

The investment in Milton will be the sixth from LLCP Lower Middle Market Fund, L.P.

LLCP was advised by Honigman LLP. Baird served as financial advisor to Milton.

For more information, visit www.miltonindustries.com.