Lowenstein Sandler represented Crimson Investment, a global private equity firm headquartered in San Francisco, in the sale of Milton Industries, Inc. (Milton) to Levine Leichtman Capital Partners (LLCP), a Los Angeles-based private equity firm. No financial terms were disclosed.
Milton is a leading provider of highly engineered tools and accessories for pneumatic applications across a variety of end markets, including vehicle service, industrial MRO, aerospace and defense, and agriculture. The company has over 1,600 SKUs with products including couplers, gauges, chucks, blow guns, filters, regulators, and lubricators. Milton was founded in 1943 and is based in Chicago, Illinois.
The Lowenstein deal team included Christopher C. Henry, Theodore C. Sica, Brian A. Silikovitz, Mark S. Heinzelmann, Lauren E. Killeen, Sophia Mokotoff, Megan Monson, Nick Samedi, and Jacob D. Unger.