Aladco Linen Services, Adams, MA, recently sold its rental business to private independent investors. James Gutheim & Associates, Encino, CA, served as the financial adviser in the sale, according to a news release.
Pacific Avenue Capital Partners LLC, a Los Angeles-based private-investment firm, announced that it has raised new capital to purchase Emerald Textiles from existing limited partner investors through a continuation vehicle. The transaction includes more than $200 million of committed equity capital to support Emerald’s next phase of growth and to buy out certain limited partners, according to a news release.
Riegel Linen, T-Y Group and Harbor Linen recently completed their merger into one company, dubbed 1Concier, according to a news release.
Workwear Outfitters™, Nashville, TN, formerly known as VF Workwear, recently completed its sale to Redwood Capital Investments LLC, according to a news release.
ImageFIRST recently announced the acquisition of Southern Medical Linen Service, a Tucker, GA-based provider of linen service to the outpatient and high-touch inpatient healthcare sectors. Terms of the transaction were not disclosed, according to a news release.
Healthcare Linen Services Group (HLSG), a provider of healthcare laundry services in the Midwest and Central U.S., recently announced the acquisition of an Angelica facility in Chicago. The acquisition adds the 10th laundry facility and 20-million pounds of processing capacity to the HLSG network of plants across four states, according to a news release.
Cintas Corp., Mason, OH, recently announced that 20-year veteran Vice President and General Counsel Thomas E. Frooman, will retire, effective July 31, with his successor, Cincinnati attorney D. Brock Denton, slated to take office on Aug. 1, according to a news release.
VF Corp., Denver, announced early today that it’s entered into a definitive agreement to sell several well-known workwear brands, including Red Kap®, Bulwark® and Workrite®, to a diversified holding company called Redwood Capital Investments LLC. The sale doesn’t include the Dickies® or Timberland PRO® brands, according to a news release.
Prudential Overall Supply, Irvine, CA, recently announced that it has acquired the customer accounts from Stevenson Uniform Service Inc., an independent industrial operator based in Norfolk, VA, according to a news release.