USA
PureStar, Las Vegas, recently announced that it has acquired Southern Linen Services Inc, Long Beach, Mississippi. Terms of the transaction were not disclosed. PureStar is the nation’s largest hospitality laundry provider, and has been acquiring businesses to swell its portfolio.
Southern Linen Services was established as a family-owned-and-operated business in 2000, providing laundry services to hospitality clients along the Gulf Coast. The 53,000-square-foot, two-tunnel facility currently serves the Gulfport, Mississippi, market for large hotel resorts and casinos.
PureStar now operates 35 full-service plants in major markets across the USA, as well as Cancun, Mexico, and Nassau, Bahamas. With the acquisition of Southern Linen Services, PureStar will enter a new geographic market, expanding service into the Gulf Coast region.
“PureStar is continuing to execute on our acquisition strategy of expanding into new geographies, leveraging our customer relationships and implementing our efficient business model,” said CEO Brian Herington. “We’re looking forward to working with the Southern Linen team to continue to provide an exceptional customer experience, enhanced productivity and invest in expanding capacity.”
PureStar is backed by private-equity firm Cornell Capital. Cornell Capital is a U.S.-based private investment firm with approximately $5.3 billion of assets under management (AUM) and offices in New York and Hong Kong.
Stangle Co. Advisors acted as the exclusive M&A adviser to Southern Linen Services
