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New Deal


Announced

Completed

HIG Capital completed the acquisition of Crothall Laundry Services from Compass Group.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Cross Border

Private Equity

Textile Rental / Washroom Services

United Kingdom

Single Bidder

outsourced laundry

Majority

Private

linen management services

Completed

Acquisition

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Synopsis

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HIG Capital, an alternative investment firm, completed the acquisition of Crothall Laundry Services, a provider of outsourced laundry and linen management services to the healthcare and hospitality sectors, from Compass Group, a British multinational contract foodservice company. Financial terms were not disclosed. “Crothall is the clear leader in the laundry and linen management sector, serving healthcare institutions through the combination of best-in-class operations, scalable data-driven processes and a stringent focus on quality. These solutions have increasingly positioned Crothall as a critical partner to healthcare providers as they seek to improve the patient experience. We look forward to working with the team to build upon their success and support continued growth initiatives,” Richard Stokes, HIG Capital Managing Director.

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