Independent Healthcare Operator Sells Midwest Business
Healthcare Linen Services Group (HLSG), St. Charles, IL, recently announced that it has acquired Reino Linen Service, Gibsonburg, OH. Terms of the transaction were not disclosed.
The acquisition expands HLSG’s operations into the Ohio and Michigan markets, increasing its customer base and adding automated facilities that provide additional capacity to its existing footprint throughout the Midwest. Following this transaction, HLSG operates 14 state-of-the-art processing plants across five regional brands, including Logan’s Linens, Shelbyville, KY; Logan’s Uniform Rental, Shelbyville, KY; Superior Health Linens, Cudahy, WI; Textile Care Services, Rochester, MN; and now Reino Linen. HLSG processes a total of 250 million pounds of healthcare linen on an annual basis for more than 500 customers in 14 states, the release said.
Founded in 1943, Reino is an independent healthcare operator that has the capacity to process more than 150 million pounds of laundry annually. Reino has three facilities in Brownstone, MI; Kalamazoo, MI; and Gibsonburg, OH. Daniel Darr, president of Reino, will continue in a key leadership role as the vice president of strategy at HLSG.
“Reino, our third acquisition in 2022 following the strategic investment from York Private Equity, has built a solid business and will add significant expertise in Ohio and Michigan,” said Joe LaPorta, president and CEO of HLSG. “We look forward to maintaining Reino’s rich legacy of providing exceptional service to customers and employees.”
Darr added that, “We are thrilled to be joining the HLSG family, which has developed an outstanding reputation in the industry for its commitment to providing high-quality services. Importantly, HLSG shares our commitment to ensuring the long-term success of our customers and valued employees, and they are the right partner for Reino.”
York Private Equity made a strategic growth investment in HLSG in March 2022, the seventh in its middle-market private equity fund, York Special Opportunities Fund III LP, an $800 million dedicated fund raised in April 2020. To read the full release, click here.