Levine Leichtman Capital Partners Sells Nobles Worldwide
Los Angeles buyout firm Levine Leichtman Capital Partners has sold Nobles Worldwide Inc. to an affiliate of Ducommun Incorporated. Nobles is a designer and manufacturer of ammunition handling systems for the U.S. Armed Forces and its allies.
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."
Houlihan Lokey served as financial advisor and Honigman LLP served as legal advisor to Nobles in connection with the sale.