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Financial Advisor

Healthcare Linen Services

Value Not Disclosed 04/06/2022 Healthcare Services Complete
Financial Sponsors
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Transaction Details

  • On April 6, 2022, Healthcare Linen Services Group (“HLSG”), a leading provider of healthcare laundry services in the Midwest and Central United States, announced a strategic growth investment from York Capital Management’s private equity group (“York Private Equity”)
  • Healthcare Linen Services Group operates 11 state-of-the-art processing plants across four premier regional brands that manage more than 185 million pounds of healthcare linen on an annual basis for over 500 customers in 12 states
  • Joe LaPorta, CEO of HLSG, said, “I am looking forward to our new partnership with York Private Equity, and the growth opportunities they provide through both capital and expertise. Today’s Healthcare customers demand sustainability and scale to support their mission of quality care and geographical expansion”
  • “HLSG is one of the leading outsourced healthcare linen providers both regionally and nationally,” said Seth Pearson, Managing Director at York Private Equity. “Our investment in the Company aligns with our goal of backing strong management teams with additional capital to drive value for their customers, enter new markets, and execute on their growth strategy”

About the company

Healthcare Linen Services Group

HLSG is a leading provider of linen management services to the healthcare and hospitality industries. Four premier regional brands, Logan’s Linens (Shelbyville, KY), Logan’s Uniform Rental (Shelbyville, KY), Superior Health Linens (Cudahy, WI), and Textile Care Services (Rochester, MN) were brought together through the guidance and ownership of Thompson Street Capital Partners. HLSG currently operates eleven state-of-the-art laundry processing facilities in four states delivering over 185 million pounds of assorted quality linens.

York Private Equity

York Private Equity, the private investing arm of York Capital Management, primarily targets control investments in middle-market businesses. Since inception in 2008, York Private Equity’s middle-market strategy has completed over 50 investments with aggregate transaction value in excess of $4 billion. York Private Equity has 14 dedicated team members.

Source: Transaction Press Release.
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