Private-Equity Firm Acquires HLSG

Healthcare Linen Services Group (HLSG), St. Charles, IL, recently announced a strategic growth investment from York Capital Management’s private-equity group. Terms of the transaction were not disclosed, according to a news release.

Founded in 1915, HLSG operates 11 state-of-the-art processing plants across four regional brands – Logan’s Linens, Shelbyville, KY; Logan’s Uniform Rental, Shelbyville, KY; Superior Health Linens, Cudahy, WI; and Textile Care Services, Rochester, MN – that manage more than 185 million pounds of healthcare linen annually for over 500 customers in 12 states.

“I am looking forward to our new partnership with York Private Equity, and the growth opportunities they provide through both capital and expertise,” said Joe LaPorta, CEO of HLSG. “Today’s healthcare customers demand sustainability and scale to support their mission of quality care and geographical expansion. HLSG will leverage this new partnership with York to both solidify our footprint and enter new geographies via strategic acquisitions. We will also continue to invest in automating our existing facilities, accelerating our growth, and furthering our commitment to providing the highest level of quality and service to our customers.”

Solomon Partners acted as the financial adviser to York Private Equity. Lincoln International and Stephens Inc. acted as the financial advisers to HLSG. To read the full release, click here.