Angeles Equity Partners LLC, a private investment firm focused on operational value creation, has acquired Xanitos Inc., a specialized provider of environmental services to hospitals and other acute care settings nationwide.
“Xanitos is recognized by the market as a leader in innovation whose investments in people, process, and technologies help save lives and meet the rapidly changing demands and requirements of customers,” said Martin Mumford, operating partner at Angeles. “The acquisition aligns well with Angeles’ broader efforts in the value-added facilities maintenance sector. Xanitos’ leadership, scale, and capabilities make it the ideal specialist EVS platform for growth, at a time when the value of maintaining a clean, safe environment for patients and frontline workers is increasingly apparent,” said Frank Spelman, Managing Director at Angeles.
Xanitos provides EVS, linen distribution, laundry management, and patient transport to hospitals nationwide.
“Angeles’ operating experience, value creation capabilities, and committed capital make them an outstanding partner to support our clients, accelerate our growth and performance, and help us consolidate the EVS sector during this new phase for Xanitos,” said Dave Crothall, CEO of Xanitos.
Blitzer, Clancy & Co. served as financial advisor to Xanitos. Simpson Thacher & Bartlett LLP, Impala Ventures, and Livingstone Partners served as the legal advisor, financial advisor, and debt placement agent, respectively, for Angeles.