Technical Safety Services (“TSS” or the “Company”), a portfolio company of Levine Leichtman Capital Partners (“LLCP”), announced that it has acquired Precision Air Technology, Inc. (“Precision”). Based in Morrisville, North Carolina, Precision is a provider of controlled environment testing and certification services required in high-performance, regulated pharmaceutical and healthcare settings.
TSS is a leading provider of testing, inspection, certification, and calibration (“TICC”) services to customers in the pharmaceutical, biotechnology, healthcare and other life sciences end markets. TSS provides on-site technical services mandated to occur at regular intervals to ensure all clients remain in compliance with regulatory standards. The Company’s services are performed across the lifecycle of a customer facility and ensure the compliant operation of controlled environments such as clean rooms, bio-safety cabinets, medical gas systems, high-purity water systems, laboratory equipment and more. TSS was founded in 1970 and is headquartered in La Jolla, California.
Brent Hart, CEO of TSS, commented, “Precision is a highly respected organization that we are thrilled to welcome to the TSS platform. Our combined team will have greater resources and capacity to serve mission-critical life sciences and healthcare markets by delivering best-in-class, expert support.”
Matthew Rich, Partner at LLCP, stated, “We are proud to support the TSS team in this exciting step to expand their geographic presence within the Research Triangle, a key, high-growth pharmaceutical and life sciences hub. We look forward to the benefits of this integration and to the continued execution of TSS’s ambitious expansion plans through further strategic M&A and other active initiatives.”
The acquisition of Precision is TSS’s sixth since being acquired by LLCP in 2022.
TSS is a portfolio company of Levine Leichtman Capital Partners VI, L.P.