Levine Leichtman Capital Partners acquired USA Water

LLCP's investment portfolio includes a diverse range of technical and route-based services

Levine Leichtman Capital Partners (LLCP), a private equity firm based in Los Angeles, has announced the acquisition of USA Water from Warren Equity Partners in collaboration with the company's management. While the financial terms remain undisclosed, USA Water, headquartered in Rosenberg, Texas, is recognized as a prominent provider of operations and maintenance (O&M) services for water and wastewater systems throughout the Southeastern United States. The company's essential services cater to municipalities and utility districts, offering maintenance, asset management, and regulatory compliance solutions, ensuring the reliability and safety of water infrastructure. Matthew Rich, a partner at LLCP, expressed enthusiasm for the partnership, highlighting USA Water's esteemed reputation, customer-centric approach, and superior service capabilities.

Under the leadership of CEO Jeff Haley and the existing executive team, USA Water will continue its operations, with significant equity ownership retained by management alongside LLCP. Mr. Haley expressed excitement about the collaboration, citing LLCP's track record as a supportive partner and their potential to enhance USA Water's value proposition for customers. LLCP's investment portfolio includes a diverse range of technical and route-based services companies such as Encore Fire Protection, Technical Safety Services, Trinity Consultants, In-Place Machining, and Select Exterminating. The transaction was facilitated by legal counsel from Kirkland & Ellis LLP for LLCP and advisors from Harris Williams and Holland & Knight LLP for USA Water.