PureStar, a laundry services and linen management company serving the hospitality industry and backed by Cornell Capital, has acquired certain assets of Apex Linen, a commercial laundry and dry cleaning services company.
Apex serves the hospitality and restaurant industries in the Las Vegas area. The company operates an approximately 90,000-square-foot facility near Las Vegas’s lodging and entertainment area. The acquisition of the Apex assets aims to provide PureStar with additional resources to support the company’s production capacity and expand its customer base.
“Las Vegas is one of the largest and fastest-growing hospitality markets in the U.S. and is a core strategic focus for PureStar,” comments Brian Herington, chief executive officer of PureStar. “Acquiring the Apex assets provides PureStar with additional scale that will enable us to increase productivity and service levels to capitalize on the demand in the hospitality, food and beverage, and uniform markets.
Moelis & Co. LLC acted as financial advisor to Apex Linen.