In-Place Machining (“IPM”), a portfolio company of Levine Leichtman Capital Partners (“LLCP”), announced today that it has acquired Western Machine Works, LLC (“WMW” or the “Company”). Headquartered in Portland, Oregon, WMW is a leading provider of mechanical design, repair, and maintenance services for precision components. The Company serves clients across a diverse set of end markets including pulp & paper, naval and marine, and wind and hydroelectric power.

IPM is a leading provider of high-acuity, on-site field machining and precision measurement and alignment services for mission-critical infrastructure and industrial equipment. IPM’s services are an essential part of the maintenance, repair, and service cycle for clients across a variety of end-markets including industrial and manufacturing, naval and marine, hydroelectric power, and aerospace.

Dean Flint, CEO of IPM, commented, “We’re excited to welcome WMW to the IPM platform. The addition of WMW further strengthens our geographic presence in the Pacific Northwest and adds a highly experienced workforce dedicated to quality and customer service to our team.”

Matthew Rich, a Partner at LLCP, added, “We are pleased to complete IPM’s third acquisition under our ownership, which reflects our commitment to the Company’s acquisition-driven and organic growth plans. The addition of WMW diversifies IPM’s presence in several targeted end markets, and further enhances its ability to be a strong partner for its clients across North America.”

IPM is a portfolio company of LLCP Lower Middle Market Fund III, L.P.

About Levine Leichtman Capital Partners

Levine Leichtman Capital Partners, LLC is a middle-market private equity firm with a 39-year track record of investing across various targeted sectors, including Franchising & Multi-unit, Business Services, Education & Training and Engineered Products & Manufacturing. LLCP utilizes a differentiated Structured Private Equity investment strategy, combining debt and equity capital investments in portfolio companies. LLCP believes that by investing in a combination of debt and equity securities, it offers management teams growth capital in a highly tailored, flexible investment structure that can be a more attractive alternative than traditional private equity.

LLCP’s global team of dedicated investment professionals is led by nine partners who have worked at LLCP for an average of 19 years. Since inception, LLCP has managed approximately $13.3 billion of institutional capital across 15 investment funds and has invested in over 100 portfolio companies. LLCP currently manages $8.9 billion of assets and has offices in Los Angeles, New York, Chicago, Charlotte, Miami, London, Stockholm, The Hague and Frankfurt.

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