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New Deal


Announced

Completed

Seaport Capital completed the investment in Linen King.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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laundry solutions

Private Equity

Friendly

Acquisition

Single Bidder

outsourced laundry

United States

Private

Completed

Majority

Textile Rental / Washroom Services

Synopsis

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Seaport Capital, a New York-based private equity firm, completed the investment in Linen King, a provider of a full range of laundry services to the healthcare industry. Financial terms were not disclosed. “I’m looking forward to our new partnership with Seaport Capital and the exciting growth opportunities they will help us execute on for Linen King. Seaport has a very successful history of helping entrepreneur-led services companies grow. They quickly understood, and demonstrated that they shared, the values our Company embraces in providing not only the highest levels of service to our customers but a great place to work for our employees,” Leonard McCullough, Linen King Founder and CEO.

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