Levine Leichtman Capital Partners (“LLCP”), a Los Angeles-based private equity firm, announced today that it has partnered with management to complete the acquisition of Trinity Consultants, Inc. (“Trinity” or the “Company”) from Gryphon Investors. Trinity is a leading environmental consulting firm that specializes in providing compliance-driven air quality services. Trinity employs over 450 billable consultants across 48 offices worldwide, providing a national footprint in the U.S. and beachheads in key markets internationally. Trinity provides assistance at several thousand sites annually, satisfying critical regulatory-driven permitting and compliance needs, as well as broader sustainability goals. Trinity was founded in 1974 and is headquartered in Dallas, TX.
Trinity is the sixth investment from Levine Leichtman Capital Partners Fund V, L.P. According to Lauren Leichtman, Co-Founder and CEO of LLCP, “We are excited to partner with Jay Hofmann and the rest of the management team who have led the tremendous growth of Trinity and established it as the leading brand in air quality consulting services across the country. Having followed Trinity for several years, we see our new partnership as a unique opportunity to work with a proven leadership team to continue executing their business plan over the long run.”
Jay Hofmann, Trinity’s President & Chief Executive Officer, and the rest of the management team will retain significant ownership in the Company and will continue to lead Trinity. Broad employee ownership remains a strong element of Trinity’s corporate culture. Regarding the transaction, Jay Hofmann said, “We are very excited about partnering with LLCP as our company seeks to further strengthen its market position and advance into adjacent sectors of environmental compliance and safety to comprehensively serve our customers. LLCP has a long history of being a value-added partner to its portfolio companies through their strategic, financial and M&A expertise, and I expect our partnership to contribute meaningfully to the continued growth of our business.”