Successful divestiture marks end of eight-year relationship with Poma Holding Company, Inc.
Levine Leichtman Capital Partners (“LLCP”), a private equity firm headquartered in Los Angeles, California, announced it has successfully exited its investment in Poma Holding Company, Inc. (“Poma”). The planned departure comes after a successful partnership between LLCP and Poma, marked by revenue and earnings growth and geographic expansion.
“We have thoroughly enjoyed our long-term and mutually beneficial relationship with the Poma management team,” said Lauren Leichtman, CEO of Levine Leichtman Capital Partners.
Ms. Leichtman further stated, “We are proud to be a part of their success story, while at the same time, providing an attractive investment return for LLCP investors.”
Poma is one of the preeminent distributors of gasoline, diesel and lubricants throughout California. A reputation for superior customer service, innovation and a diverse product offering has enabled Poma to establish a leading market position in both the Southern and Northern California markets.
Since 1984, Levine Leichtman Capital Partners has provided entrepreneurs with long term capital and financial expertise. LLCP makes investments into middle market companies utilizing its structured equity investments approach. Previous investments include Santa Cruz Nutritionals, CiCi’s Pizza, Hackney Ladish and Luminator Technology Group.