PureStar Announces Acquisition of Emerald Textiles

PureStar, Las Vegas, announced today its acquisition of Emerald Textiles, San Diego. The combination of PureStar and Emerald creates a diversified platform serving both the hospitality and healthcare markets. Terms of the transaction were not disclosed.

Emerald Textiles is a leading healthcare laundry provider on the West Coast operating 12 facilities and three depots. The company’s network of state-of-the-art facilities provides linen services to hospitals and healthcare systems across the West Coast.

“Emerald has built an exceptional platform, and we are excited to bring their capabilities in healthcare laundry services to the PureStar platform,” said Brian Herington, CEO of PureStar. “This investment bolsters both PureStar and Emerald by adding additional depth of experience and best practices. The combination will also enable continued investment in our people, facilities and systems across our national network.”

PureStar is the leading national commercial laundry provider for the hospitality market in the U.S. with more than 100 years of combined service experience across 41 nationwide facilities and 15 regional brands. With the acquisition of Emerald Textiles, PureStar expands its platform, adding healthcare as a core vertical alongside hospitality and establishing a diversified commercial laundry provider with national scale. Together, PureStar and Emerald will operate one of the largest networks of commercial laundry facilities in the country with enhanced geographic coverage, operational redundancy and capacity to support long-term customer growth.

“We are proud of the business we have built at Emerald and the trust we’ve earned from our healthcare customers,” said Andy Kratky, CEO of Emerald Textiles. “Joining PureStar’s nationwide portfolio of brands and facilities provides us with the scale and resources to continue to grow with, and provide top-tier service to, our healthcare customers in both existing and new geographies.”

Kratky will report directly to Herington, according to a news release announcing the deal. Herington serves on TRSA’s Board of Directors, while Kratky is a member of TRSA’s Strategic Planning Committee.

Jefferies LLC served as the buy-side financial adviser and Davis Polk & Wardwell LLP served as legal counsel to PureStar and Cornell Capital, which backs PureStar.