Thompson Street Capital Partners Portfolio Company, Healthcare Linen Services Group, Acquires Angelica Laundry Processing Facility
ST. LOUIS (November 17, 2021) – Thompson Street Capital Partners (TSCP), a private equity firm based in St. Louis, is pleased to announce the acquisition of the Batavia, New York laundry processing facility of Angelica Corporation (Angelica Batavia), the fifth acquisition for Healthcare Linen Services Group, LLC (HLSG), a TSCP portfolio company. Terms of the transaction were not disclosed.
Angelica Batavia provides laundry processing services to some of the largest acute care facilities and hospitals in western New York and eastern Ohio. The acquisition will allow HLSG to expand further in the Great Lakes region and acquire additional capacity to target new business.
“The acquisition of the New York facility aligns with our growth and expansion plans in the Ohio and New York markets,” stated Joseph LaPorta, President and CEO of HLSG. “We are excited to bring additional capacity, redundancy and linen management expertise under our historic Logan’s Healthcare Brand.”
Said J.C. Wetzel, Director, TSCP, “We’re excited to be expanding our healthcare laundry processing footprint throughout the Great Lakes region. This is the fifth acquisition for the HLSG platform and represents our eleventh facility across the Midwest. We are thrilled to be building our world-class healthcare laundry processor with Joe and the team.”