Healthcare Linen Services Group, a provider of healthcare laundry services in the midwest and central U.S. and a portfolio company of York Capital Management‘s private equity group, has bought Linen King, a healthcare laundry services company in the southern-central U.S.
Founded in 1999, Linen King operates a network of healthcare laundries and serves approximately 460 customers across seven facilities in five states. The company processes approximately 100 million pounds of healthcare laundry annually. As part of the transaction, Seaport Capital, a private equity firm that acquired Linen King in 2019, will receive shares in HLSG. The deal expands HLSG’s operations into other markets and adds new customers for HLSG to service.
“The addition of Linen King bolsters HLSG’s leadership position in the healthcare linen industry, and we will continue to support the company’s organic and M&A strategies,” says Seth Pearson, managing director of York Private Equity.