Thesis Capital Partners, Houston, an independent sponsor investing in family-owned companies across the U.S., recently announced the successful recapitalization of Cadillac Services, Bayamon, Puerto Rico, in partnership with Seacoast Capital and Tamarix Capital Partners.
Cadillac is a leading provider of uniform rental and repair, laundry and dust-control services. The company serves a diverse range of industries, including healthcare, pharmaceutical, industrial, food & beverage and retail throughout Puerto Rico.
Thesis provided a combination of equity capital alongside Seacoast and Tamarix to facilitate the company’s ongoing growth strategy. This investment will enable Cadillac to strengthen its market position, expand its service offerings and continue to uphold its high standards of service delivery.
Chris Kirsch, operating partner at Thesis, has joined Cadillac Services as president following the recapitalization. Kirsch brings a wealth of experience in driving operational excellence and sustainable growth across multiple industries. Under his leadership, Cadillac is well-positioned to broaden its market footprint and continue its legacy of success.
“We are honored that the Shulevitz family would place their trust in us to help them grow the company,” said Ian J.H. Reynolds, the founder & managing partner of Thesis Capital Partners. “We have a wonderful opportunity with our partners in the Schulevitz family, Seacoast and Tamarix to enable the company to be the undisputed market leader in the arena.”
Kirsch added that, “Our goal is to build on the strong foundation already in place, drive innovation, and deliver even greater value to customers. Together with the talented team at Cadillac, we look forward to creating a shared vision for success and achieving new milestones in the years to come.”
Sign Up For Our Newsletter
Receive the latest updates on the linen, uniform and facility services industry from TRSA delivered straight to your inbox.