Levine Leichtman Capital Partners acquires NSL Analytical Services
Private equity firm Levine Leichtman Capital Partners, headquartered in Los Angeles, California, USA, has announced that it has acquired NSL Analytical Services, Inc., based in Cleveland, Ohio, in partnership with management. Financial terms of the transaction were not disclosed.
NSL, founded in 1945, is a materials testing provider serving a diverse client base across highly regulated and technologically advanced end markets, including aerospace & defence, advanced materials, and electronics. NSL’s experienced chemists, metallurgists and technicians are experts in testing a wide range of materials and finished components, serving the recurring and non-discretionary testing needs of clients throughout the US and provide the world.
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“We are thrilled to partner with NSL, a leader in the materials testing and analysis sector,” stated Matthew Frankel, Managing Partner at LLCP. “NSL has established itself as a trusted partner for a loyal client base across numerous high-performance industries. We are excited to work with the NSL team to broaden the company’s testing capabilities and geographic footprint through both organic initiatives and strategic acquisitions.”
“Our new partnership with LLCP will further guide and fuel NSL’s growth in support of the critical quality assurance testing our team delivers to clients world-wide,” CEO Ron Wesel shared. “In an ever-increasing technology-driven world, NSL’s material testing capabilities provide the confidence and security demanded by traditional and evolving production methods such as Additive Manufacturing.”
