Announced
Completed
Financials
Tags
Domestic
Private
Completed
Acquisition
outsourced laundry
Textile Rental / Washroom Services
laundry solutions
United States
Majority
Private Equity
Friendly
Single Bidder
Synopsis
York Capital-backed Healthcare Linen Services Group, a provider of healthcare laundry services, completed the acquisition of Linen King, an independent provider of healthcare laundry services, from Seaport Capital, a private equity firm. Financial terms were not disclosed. “This partnership reaffirms our commitment to executing on our growth strategy, which includes expanding our geographical reach into new contiguous markets, increased processing capacity, and, ultimately, our ability to service customers in a more comprehensive way. Importantly, the Linen King brand will stay intact and remain under the operational leadership of Chris, who will bring his proven industry operating expertise to HLSG," Joe LaPorta, HLSG President and CEO.
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