M&A Deal Summary

Highland Avenue Capital Acquires Encore Textile Services

On May 22, 2017, private equity firm Highland Avenue Capital acquired apparel/textiles company Encore Textile Services

Acquisition Highlights
  • This is Highland Avenue Capital’s 1st transaction in the Apparel/Textiles sector.
  • This is Highland Avenue Capital’s 1st transaction in the United States.
  • This is Highland Avenue Capital’s 1st transaction in California.

M&A Deal Summary

Date 2017-05-22
Target Encore Textile Services
Sector Apparel/Textiles
Buyer(s) Highland Avenue Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Encore Textile Services

Los Angeles, California, United States
Encore Textile Services is a provider of linen services. Encore Textile Services is based in Los Angeles, California.

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Buyer(S) 1

DESCRIPTION

Highland Avenue Capital is a private equity firm focused on control equity and debt investments in lower-middle market businesses in the Western US. The Firm invests in industries such as agriculture, home and commercial services, value-added distribution, healthcare, transportation, and logistics. Highland Avenue seeks stable companies with EBITDA between $2 and $10 million. Prospective investments include transitions, carve-outs, and special situations. Highland Avenue Capital was founded in 2016 and is headquartered in Manhattan Beach, California.


DEAL STATS #
Overall 1 of 2
Sector (Apparel/Textiles) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 2
Year (2017) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-01 Apex Linen

Las Vegas, Nevada, United States

Apex Linen is a provider of linen, uniform, and guest laundry and dry cleaning services for the Las Vegas hospitality market. It operates out of a state-of-the-art 90,000 square foot facility with a meaningful capacity to service the multiple needs of large-scale hotel-casinos. Apex Linen was formed in 2010 and is based in Las Vegas, Nevada.

Buy -