Financial Advisor
The Sterling Group
M&A Advisory
Has Acquired
A Portfolio Company Of
Transaction Details
On April 10, 2026, The Sterling Group (“Sterling”) announced the acquisition of Healthcare Linen Services Group (“HLSG”) from York Capital Management’s private equity group. HLSG is a leading regional provider of mission-critical outsourced linen laundry and management services to healthcare institutions across the United States.
Joe LaPorta, CEO of HLSG, said “Sterling’s experience scaling essential, mission-critical services businesses, commitment to employee ownership, and hands-on approach make the firm an ideal partner as we seek to expand our footprint and continue our mission of providing reliable, high-quality laundry and rental services to our valued customers.”
About the company
The Sterling Group
Since 1982, The Sterling Group has been partnering with management teams to grow and build winning businesses in the industrial sector. Over 75% of Sterling’s past partnerships have been with family businesses and corporate carve-outs. Sterling excels as a partner where it can bring its operational focus and expertise to a situation. Today, Sterling has approximately $9 billion in assets under management. Sterling manages two private equity strategies, the Middle Market and Lower Middle Market funds, that target partnerships with industrial companies of different sizes.
HealthCare Linen Services Group
Founded in 2009 and headquartered in St. Charles, Illinois, HLSG provides laundry and rental services to a diversified base of customers, including hospitals and other healthcare providers. The company operates twenty-three facilities across thirteen states, primarily located in the Midwest and Central U.S. Through its six leading regional brands, HLSG provides best-in-class local execution by partnering with administrators, clinicians, and staff to deliver a wide variety of clean linens to thousands of healthcare facilities.
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Source: Sterling Press Release and Company Information.
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