Birch Swing Capital, a New York-based private equity firm, has acquired Scrubs on Wheels, a provider of mobile uniform services to the long-term care and healthcare industries.
The company offers medical apparel and accessories to healthcare providers in over 22 states. Dennis Carrico will remain president of Scrubs on Wheels and maintain an ownership stake. Spring Capital Partners IV LP invested debt and equity alongside Birch Swing and Carrico.
“The deal is the latest platform for Birch Swing Capital, which will bring Scrubs on Wheels to a wider pool of customers through organic growth and add-on acquisitions,” comments Ford Schumacher, co-founder and managing director and Birch Swing Capital.
Nolan & Associates acted as financial advisor to Scrubs on Wheels on the acquisition.