Firm at a glance
Leonard Green & Partners is a platform private equity firm founded in 1989 and headquartered in Los Angeles, CA, per its own website [S1].
What they buy
Based on publicly reported transactions, Leonard Green & Partners appears to pursue platform acquisitions across consumer-facing and business services sectors [S2][S3][S4]. Recent activity includes a car wash chain, a project and cost management consultancy, and an entertainment-dining concept, suggesting the firm targets established businesses with recurring revenue or strong brand recognition. The firm’s transaction history reflects a pattern of acquiring market-leading platforms rather than smaller add-on businesses.
Portfolio
Public sources surfaced the following recent acquisitions, though the firm’s full portfolio is not disclosed on its website:
**Automotive Services**
Mister Car Wash (platform, acquired February 2026) [S2]
**Business Services**
Cumming Group (platform, acquired June 2026) [S3]
**Entertainment & Hospitality**
Topgolf (platform, acquired November 2025) [S4]
Recent activity (last 24 months)
* **June 2026**: Acquired Cumming Group, described as a pure-play project and cost management platform, from New Mountain Capital [S3]
* **February 2026**: Completed take-private acquisition of Mister Car Wash [S2]
* **November 2025**: Acquired Topgolf, an entertainment-dining concept [S4]
How this firm fits a seller
Leonard Green & Partners appears to focus on established platform businesses with significant scale, as evidenced by its recent take-private and sponsor-to-sponsor transactions [S2][S3][S4]. The firm’s acquisition of Topgolf from a public listing and Cumming Group from another private equity sponsor suggests it pursues businesses that have already achieved market leadership. Owner-operators considering Leonard Green should note the firm’s apparent preference for larger platforms rather than smaller founder-owned businesses, based on the scale of its publicly reported deals. Sellers in automotive services, business services, or consumer-facing sectors may find sector alignment with the firm’s recent activity.
Sources
[S1] https://leonardgreen.com (as of 2026-02-18)
[S2] https://www.lw.com/en/news/2026/02/latham-advises-mister-car-wash-in-take-private-acquisition-by-leonard-green-partners (as of 2026-02-18)
[S3] https://www.businesswire.com/news/home/20260616193529/en/Leonard-Green-Partners-to-Acquire-Cumming-Group-a-Leading-Pure-Play-Project-and-Cost-Management-Platform-From-New-Mountain-Capital (as of 2026-06)
[S4] https://restaurantbusinessonline.com/financing/topgolf-be-acquired-private-equity-firm-leonard-green-partners (as of 2025-11-18)
Frequently asked questions
Does Leonard Green & Partners buy automotive services businesses?
Yes, the firm acquired Mister Car Wash in a take-private transaction in February 2026 [S2]. This suggests automotive services businesses with significant scale may fit the firm’s investment criteria. However, based on publicly available information, the firm appears to target market-leading platforms rather than smaller regional operators.
What companies has Leonard Green & Partners acquired recently?
In the past 24 months, Leonard Green & Partners acquired Topgolf in November 2025, Mister Car Wash in February 2026, and Cumming Group in June 2026 [S2][S3][S4]. These transactions span entertainment-dining, automotive services, and business services sectors, respectively.
Where is Leonard Green & Partners based and how big is the firm?
The firm is based in Los Angeles, CA, with one office location reported [S1]. Fund size and assets under management were not disclosed in publicly available sources as of the dates cited.
Is Leonard Green & Partners still actively acquiring?
Yes, the firm completed its most recent publicly reported acquisition in June 2026 with the purchase of Cumming Group [S3], indicating active deal execution as of mid-2026.
This profile is maintained by CT Acquisitions as an independent third-party reference. CT Acquisitions is not affiliated with, endorsed by, or a representative of the firm profiled. All facts sourced from publicly available materials as of the dates cited.