LOS ANGELES, Oct. 9, 2019 /PRNewswire/ -- Levine Leichtman
Capital Partners ("LLCP"), a Los
Angeles-based private equity firm, announced today that it
has sold Nobles Worldwide Inc. ("Nobles" or the "Company") to an
affiliate of Ducommun Incorporated (NYSE: DCO).
Nobles, based in St. Croix Falls,
WI, is the global market leader in the design and
manufacturing of ammunition handling systems for the U.S. Armed
Forces and its allies. With a legacy that spans over 70 years, the
Company supplies key aircraft, naval ship and ground vehicle
platforms.
Micah Levin, Managing Director of
LLCP, said, "The Nobles investment has been very successful for
LLCP, our partners and the Company's management team. Since our
initial investment in 2014, we are proud to have enhanced the value
of Nobles by investing in a best-in-class management team, driving
growth and diversification through international and ground vehicle
business development, accelerating product innovation, and
implementing operational improvements. We are excited for the
future of Nobles, and we wish the team continued success."
Will Wennberg, President of
Nobles, commented, "It has been a true pleasure partnering with the
LLCP team through this time of unprecedented growth. We have
appreciated their support in advancing our strategic initiatives.
We have benefitted significantly from our collaboration and are
excited to enter the next phase of growth."
Houlihan Lokey served as
financial advisor and Honigman LLP served as legal advisor to
Nobles in connection with the sale.
About Levine Leichtman Capital Partners
LLCP is a Los Angeles,
California-based private investment firm that has managed
approximately $10.7 billion of
institutional capital since its inception. LLCP invests in middle
market companies located in the United
States, the United Kingdom
and Europe. LLCP is currently
making new investments through Levine Leichtman Capital Partners
VI, L.P., Levine Leichtman Capital Partners Europe II SCSp, LLCP
Lower Middle Market Fund, L.P. and Levine Leichtman Strategic
Capital, LLC. LLCP has offices in Los
Angeles, New York,
Dallas, Chicago, Charlotte, London, Stockholm and The
Hague.
About Ducommun Incorporated
Ducommun Incorporated delivers value-added innovative
manufacturing solutions to customers in the aerospace, defense and
industrial markets. As the successor to a business that was founded
in 1849, the Company specializes in two core areas - Electronic
Systems and Structural Systems - to produce complex products and
components for commercial aircraft platforms, mission-critical
military and space programs, and sophisticated industrial
applications. For more information, visit www.ducommun.com.
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SOURCE Levine Leichtman Capital Partners