The story
Founded by Leonard I. Green in 1989.1
Leonard Green was founded by Leonard I. Green in 1989 after separating from Gibbons, Green and van Amerongen Ltd. (Gibbons Green), a bank which he had co-founded in 1969 with Edward Gibbons and Lewis van Amerongen. Leonard Green died in 2002, leaving the firm to be run by John G. Danhakl, Peter J. Nolan and Jonathan D. Sokoloff.
The firm's predecessor, Gibbons Green, was among the earliest practitioners of the leveraged and management buyout. Gibbons Green purchased several companies, including Purex Industries in 1982, Budget Rent a Car from Transamerica in 1986 and Kash n' Karry Food Stores in 1988. The company planned to purchase Argonaut Group Inc. in 1987, but withdrew from the buyout.
The dissolution of Gibbons Green and the formation of Leonard Green & Partners is attributed by some to the failure of two buyouts: Ohio Mattress Company and Sheller-Globe Corporation.
In 2007, LGP acquired 17% shares of Whole Foods Market in a PIPE investment deal, "one of the best investments in our firm’s history" according to firm manager Jonathan Sokoloff, because it enabled LGP to acquire J.Crew, BJ's Wholesale Club and Jo-Ann Stores with the cash made from Whole Foods.
In 2019, LGP named John Baumer and Evan Hershberg co-heads of the Jade Fund.
In March 2020, partners at LGP committed to plans for a $10 million employee-assistance fund for employees of Leonard Green portfolio companies impacted by the COVID-19 pandemic.
In March 2025, Leonard Green & Partners won PE Hub's Comprehensive Trade of the Year Award for the sale of $18.25 billion in SRS to Home Depot.
From Wikipedia’s article on Leonard Green & Partners, shared under CC BY-SA 4.0.4