Levine Leichtman Capital Partners Announces Investment in Concentric Energy Advisors

Levine Leichtman Capital Partners Invests in Concentric Energy Advisors

Levine Leichtman Capital Partners (LLCP), a well-regarded private equity firm based in Los Angeles, has made headlines with its latest growth investment in Concentric Energy Advisors. This strategic partnership was announced on November 4, 2026, although the specific financial terms of the investment have not been disclosed.

Founded in 2002, Concentric Energy Advisors has established itself as a premier consulting and advisory firm serving the utility and energy sectors across North America. Headquartered in Marlborough, Massachusetts, the firm specializes in providing comprehensive expert advice and technical analysis to electric, gas, and water utilities. Their services are critical for utilities navigating the complex landscape of regulatory proceedings and utility rate cases.

Matthew Rich, a partner at LLCP, expressed enthusiasm about the collaboration, stating, "We are excited to partner with Concentric, a highly respected firm with deep expertise, longstanding client relationships, and an exceptional team of industry experts and trusted advisors." He added that there are significant opportunities for growth, emphasizing plans to expand into adjacent utility service areas and recruit additional senior talent. Rich highlighted LLCP’s vision of pursuing strategic acquisitions that would further bolster Concentric’s market presence.

Ted Jeon, Managing Director at LLCP, also commented on the strategic fit between the two organizations. He noted that utilities are investing unprecedented amounts to modernize and expand the electric grid, which is becoming essential to meet growing power demands. "Concentric is well-positioned to benefit from these long-term trends, and we believe our support will be pivotal in the company's strategic growth journey," Jeon stated.

Under the new partnership, Concentric will maintain its current executive leadership structure, including CEO Danielle Powers, President Dan Dane, and Founder and Chairman John J. Reed. Furthermore, employees of Concentric will retain a significant equity stake in the business, indicating a successful continuity plan that also caters to their vested interests.

CEO Danielle Powers expressed her excitement about the partnership, emphasizing the integral role of Concentric’s team and the trust they’ve built with clients throughout the years: "We are thrilled to partner with LLCP, which brings deep industry knowledge along with the capital and experience to help us scale our business and continue delivering exceptional service."

John J. Reed, Founder and Chairman of Concentric, added that it was crucial to choose a partner who appreciates their culture and the trust established with clients over the past two decades. He assured clients that they would continue to work with the same teams and receive the same high-quality independent advice that they have come to expect from Concentric, while benefiting from the additional resources this partnership brings.

This investment marks Concentric as the 11th platform investment in LLCP's Lower Middle Market Fund III, L.P. LLCP has been actively investing in the infrastructure services and consulting sectors, with past investments including companies like USA Water, Resolution Economics, and Trinity Consultants.

As one of the prominent players in the private equity landscape, primarily focused on middle-market companies, LLCP operates using a distinctive Structured Private Equity strategy. This includes a blend of debt and equity investments geared towards providing management teams with the growth capital they need in flexible and attractive terms.

Having managed approximately $20.6 billion in capital throughout its history, LLCP is committed to pursuing investment strategies that not only yield financial returns but also enhance client service and operational efficiency.

In conclusion, the growth investment by Levine Leichtman Capital Partners into Concentric Energy Advisors signals a noteworthy development in the utility consulting space, suggesting that both firms are poised to create significant value and drive impactful growth in the energy sector moving forward.