Lion Equity Partners completed the acquisition of Riegel Linen from Mount Vernon Mills.

Lion Equity Partners, a Denver-based private equity firm specializing in acquiring corporate carve-outs, completed its acquisition of Riegel Linen, an importer, manufacturer, and supplier of tablecloths, napkins, sheets, towels, bedding and other linens for hotels, restaurants, linen suppliers, retailers, and healthcare customers, from Mount Vernon Mills, which produces forming, pressing, and drying fabrics in plants. Financial terms were not disclosed. “Riegel is a premier brand that has been associated with quality textiles since the mid-1800s. The company has been on the leading edge of innovative textile product development for decades, which provides a strong foundation for future growth, both organically and through strategic add-on acquisitions.” Jim Levitas, Lion Equity Partners Co-Founder, and Partner.