Leonard Green & Partners completed the acquisition of a majority stake in Pace.

Leonard Green & Partners, an American private equity investment firm, completed the acquisition of a majority stake in Pace, a provider of environmental and life sciences testing services. Aurora Capital Partners, a middle-market private equity firm, has reinvested alongside LGP as part of the transaction. Financial terms were not disclosed. "As a market leader with a highly resilient business model, multiple avenues for growth, and world-class management team, Pace has been an ideal fit for the Aurora program. We are delighted to have the opportunity to continue partnering with Pace and to work with the LGP team to help the Company capitalize on the many organic and inorganic opportunities we see across the business. We also thank Steve Vanderboom, Pace's founder, for selecting us as his partner in 2016, and congratulate him on his retirement," Randy Moser, Aurora Partner.