Sign In  |  Register  |  About Burlingame  |  Contact Us

Burlingame, CA
September 01, 2020 10:18am
7-Day Forecast | Traffic
  • Search Hotels in Burlingame

  • CHECK-IN:
  • CHECK-OUT:
  • ROOMS:

Levine Leichtman Capital Partners Portfolio Company Technical Safety Services Announces Strong Recent M&A Activity with Four Strategic Acquisitions

Technical Safety Services (“TSS” or the “Company”), a portfolio company of Levine Leichtman Capital Partners (“LLCP”), announced that it has recently completed four strategic acquisitions, each of which further enhances the Company’s suite of regulatory testing and certification services for controlled environments within mission-critical biotechnology, pharmaceutical and healthcare settings.

The acquisitions include the following:

  • Northeast Medical Consulting, an Ohio-based provider of medical gas testing and consulting services.
  • AIRTEST, a New Hampshire-based provider of testing and certification of cleanrooms and other contamination control technologies.
  • Cornerstone Commissioning, a Massachusetts-based provider of commissioning, qualification, and validation engineering services.
  • Quality Systems Integration, a Massachusetts-based provider of testing and certification services in controlled biotechnology and pharmaceutical environments.

Brent Hart, CEO of TSS, commented, “We are delighted to welcome these businesses to the TSS platform. Each brings significant expertise and dedication to high-quality service, which further enhance TSS’ support for our valued clients across key strategic capabilities and geographies.”

Matthew Rich, Partner at LLCP, stated, “We are pleased by the early progress of our investment in TSS. The four strategic acquisitions add significant scale to the Company and further strengthen its partner value across its markets. We look forward to an exciting year ahead for TSS, as we continue to support the management team as they further build on this momentum with additional acquisitions and other attractive growth initiatives.”

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.

TSS is a portfolio company of Levine Leichtman Capital Partners VI, L.P.

About Levine Leichtman Capital Partners

Levine Leichtman Capital Partners, LLC is a middle-market private equity firm with a 39-year track record of investing across various targeted sectors, including franchising, business services, education and engineered products. LLCP utilizes a differentiated Structured Private Equity investment strategy, combining debt and equity capital investments in portfolio companies. LLCP believes that by investing in a combination of debt and equity securities, it offers management teams growth capital in a highly tailored, flexible investment structure that can be a more attractive alternative than traditional private equity.

LLCP’s global team of dedicated investment professionals is led by nine partners who have worked at LLCP for an average of 19 years. Since inception, LLCP has managed approximately $13.2 billion of institutional capital across 15 investment funds and has invested in over 100 portfolio companies. LLCP currently manages $8.6 billion of assets and has offices in Los Angeles, New York, Chicago, Charlotte, Miami, London, Stockholm, The Hague and Frankfurt.

Contacts

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
 
Copyright © 2010-2020 Burlingame.com & California Media Partners, LLC. All rights reserved.