When it comes to mergers and acquisitions in the laundry business, a company’s place on the map often determines its destiny.
 
“Our business is geographic in nature,” says John Giardino, chairman and CEO of Centerstone Linen Services, New York. When considering making an acquisition, “Typically it makes sense to look at companies that have a footprint in the geographic territory,” of the would-be parent organization.
 
Centerstone Linen Services is the parent company of Atlas Healthcare in New York and Pennsylvania and Alliance Textiles in Georgia, Tennessee and South Carolina.
 
“We’re north ...