Announced
Completed
Financials
Sources
Tags
Private
Single Bidder
Majority
Textile Rental / Washroom Services
Acquisition
laundry equipments
Domestic
Friendly
United States
Completed
Private Equity
Synopsis
Cornell Capital-backed PureStar, a provider of laundry services and linen management to the hospitality industry, completed the acquisition of certain Las Vegas assets of Apex Linen, a provider of high-volume, commercial laundry and dry cleaning services to the hospitality and restaurant industries,. Financial terms were not disclosed. "Las Vegas is one of the largest and fastest-growing hospitality markets in the U.S. and is a core strategic focus for PureStar. Acquiring the Apex assets provides PureStar with additional scale that will enable us to increase productivity and service levels to capitalize on the demand in the hospitality, food and beverage, and uniform markets. We look forward to working with the Apex team to further increase plant capacity and operating efficiencies," Brian Herington, PureStar CEO.
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