Levine Leichtman Sells Pacific Handy Cutter To Bertram Capital
Los Angeles-based Levine Leichtman Capital Partners has sold its portfolio company, Safety Products Holdings, LLC, the parent company of Pacific Handy Cutter, to Bertram Capital.
PHC is a supplier of specialized safety cutting tools and replacement blades to a diverse range of end markets.
Matthew Frankel, Managing Partner of LLCP, said, "The investment in PHC has been extremely successful for LLCP and the Company's management team. Since our initial investment in 2016, we executed two transformational acquisitions, vertically integrated the Company's manufacturing processes and expanded into new end markets and geographies. We are excited to see PHC continue to execute on its growth plan and wish the company continued success in the future."
Mark Marinovich, President and CEO of PHC, commented, "It has been a true pleasure partnering with the LLCP team through this time of unprecedented growth and transformation. We have appreciated their support in advancing our strategic initiatives and have benefitted significantly from the collaboration."
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