Thompson Street Capital Partners Invests in Logan’s Linens
St. Louis, Mo. (October 12, 2009) – Thompson Street Capital Partners, a private equity fund based in St. Louis, announced today that it has partnered with management and invested in Logan’s Linens of St. Charles, Illinois. Terms of the transaction were not disclosed. Logan’s Linens specializes in health care linen management and uniform rental services to more than 50 medical facilities and 500 industrial businesses throughout the Midwest.
“For more than 84 years Logan’s has built its strong reputation by focusing on the ever- changing needs of our customers,” said Art Logan, President of Logan’s Uniform Rental Division. “We look forward to working with Thompson Street Capital Partners to ensure our continued growth as the industry expands,” said Howard Logan, President of Logan’s Linens Healthcare Division. More information about Logan’s Linens can be found at the company’s Web sites at www.loganslinens.com and www.logansuniformrental.com.
This is the 24th acquisition for Thompson Street Capital Partners (TSCP), which manages $445 million in private equity funds. TSCP invests in a variety of privately held manufacturing and service companies, including several in the medical and health care industries.
“We are excited to bring Logan’s Linens into our growing portfolio of companies,” said Jim Cooper, managing partner of Thompson Street Capital Partners. “The company’s solid reputation is highlighted by its many years in business and the loyal customer base that it has developed. We look forward to working with the Logan’s team and enhancing the company’s growth.