Thompson Street Capital Partners Acquires Angelica Laundry Processing Facility in Chicago
ST. LOUIS (May 26, 2021) – Thompson Street Capital Partners (TSCP), a private equity firm based in St. Louis, is pleased to announce the acquisition of the Chicago laundry processing facility of Angelica Corporation (Angelica Chicago), the fourth acquisition for Healthcare Linen Services Group, LLC (HLSG). Terms of the transaction were not disclosed.
Angelica Chicago provides laundry processing services to some of the largest acute care facilities and hospitals in the Chicagoland market. This Chicago location is highly complementary to HLSG’s footprint in the Illinois market and will rebrand to Superior Health Linens, one of the HLSG regional brands. “The acquisition of the Chicago facility aligns with our commitment to our core markets in the Midwest where we have served our healthcare customers for more than 30 years. We are excited to bring additional capacity, redundancy and linen management expertise to the City of Chicago and northwest Indiana markets,” said HLSG’s President and CEO, Joseph LaPorta.
Said J.C. Wetzel, Director, TSCP, “We’re excited to be expanding our healthcare laundry processing footprint within the Chicago area. This acquisition is the fourth for the HLSG platform and will represent our tenth facility across the Midwest. We will continue building HLSG into a world-class healthcare laundry processor.”