Levine Leichtman Capital Partners Completes Investment in Allied Aerofoam Products, LLC


LOS ANGELES, CA--(Marketwired - May 20, 2015) - Levine Leichtman Capital Partners ("LLCP"), a Los Angeles-based private equity firm, announced today that it has made a growth equity investment in Allied Aerofoam Products, LLC ("Allied Aerofoam" or the "Company"). Allied Aerofoam is a leading diversified foam fabricator of niche products across a wide array of end-markets and applications, including pet beds, packaging, specialty children's furniture and marine cushions. The Company was founded in 1988 and is headquartered in Tampa, FL with additional manufacturing facilities in Atlanta, GA, Thomasville, GA and Milan, TN.

The investment in Allied Aerofoam will be made out of Levine Leichtman Capital Partners Private Capital Solutions, L.P. and LLCP Co-Investment Fund, L.P. According to Lauren Leichtman, Co-Founder and CEO of LLCP, "We are excited to partner with Alan Rash, Bill Carrington and the rest of the management team who have successfully led the growth of Allied Aerofoam and solidified its position as a market leader in the foam fabrication industry. The Company has an outstanding reputation for design, quality and customer service as shown by its ability to consistently introduce new products and enter additional end markets. We look forward to our partnership with management."

Alan Rash will continue to lead Allied Aerofoam in his current role as CEO along with Bill Carrington, the Company's President. 

Regarding the transaction, Alan Rash commented, "I am very excited about LLCP's investment and believe that LLCP will be a great partner as we continue to grow the business. I look forward to leveraging LLCP's strategic and financial expertise."

Allied Aerofoam was advised by Oppenheimer & Co. Inc. and Shumaker, Loop & Kendrick, LLP. LLCP was advised by Vedder Price P.C.

About Levine Leichtman Capital Partners

LLCP is a Los Angeles, California based private investment firm that has managed approximately $7.0 billion of institutional capital since its inception. LLCP invests in middle market companies located in the United States and Europe. LLCP invests its capital through private equity partnerships and various debt and leveraged loan funds. LLCP is currently making new investments through Levine Leichtman Capital Partners V, L.P., Levine Leichtman Capital Partners SBIC Fund, L.P., Levine Leichtman Capital Partners Private Capital Solutions, L.P., Levine Leichtman Capital Partners Europe, L.P. and LLCP Co-Investment Fund, L.P. LLCP has offices in Los Angeles, New York, Dallas, Chicago, London and The Hague. For further information please see http://www.llcp.com .

Contact Information:

Media Contact:
David Wolmer
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