TPO Buys Majority Interest in Crown Health Care

Crown Health Care Laundry Services, a Pensacola, FL-based provider of outsourced linen-management services and specialty products to hospitals, clinics and other healthcare facilities, recently announced that The Pritzker Organization (TPO) has made an investment in the company to help fuel its next phase of growth. Financial terms of the transaction were not disclosed, according to a news release.

As part of TPO’s investment, affiliates of Quilvest Capital Partners, the company’s existing financial partner, sold its majority interest. Blenheim LP, an existing minority investor, will remain a significant shareholder along with Crown management.

Crown serves healthcare customers across the Southeast through its network of seven facilities. “As we welcome the TPO team as our partners, I want to thank the Quilvest team for their support as we expanded our business to seven facilities, completed several strategic acquisitions and continued our track record of investing in facilities to maintain industry-leading customer service,” said Don Haferkamp, CEO of Crown. “The TPO team has a clear understanding of our customer-first service model and our strategy to further expand our customer base, geographic presence and facility network and we are excited to work together to drive growth over the long term.”

Joseph Gleberman, managing director of TPO, added that, “Crown has established itself as the leading provider of healthcare linen-management solutions across the Southeast region and we are pleased to partner with them to drive continued growth. The company’s success reflects its superior value proposition, relentless focus on customer service, broad footprint with best-in-class facilities and long-tenured, entrenched relationships with marquee healthcare providers. We are excited to work with Don and the Crown team as we build on their success well into the future.”

To read the full release, click here.