K-Bro Reports Record Q1; UK Acquisition

K-Bro Linen Inc. recently reported a record Q1 2025 revenue of $91 million, up 13.4% year-over-year, driven by gains in healthcare and hospitality segments. Adjusted EBITDA rose to $15 million, with margins remaining steady at 16.5% compared to 16.7% in Q1 2024, while their net earnings decreased by $1 million to $0.8 million. The Edmonton, AB, Canada-based company also announced its largest acquisition to date, acquiring UK-based Star Mayan for $199 million. The deal adds Synergy, Grosvenor, and AeroServe, creating a top-three platform in the UK laundry market. Management cited strong momentum, with plans to integrate Star Mayan under a ...

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