M&A Deal Summary

Alsco Acquires CLEAN Linen Services

On June 4, 2018, Alsco acquired consumer services company CLEAN Linen Services from MML

Acquisition Highlights
  • This is Alsco’s 1st transaction in the Consumer Services sector.
  • This is Alsco’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2018-06-04
Target CLEAN Linen Services
Sector Consumer Services
Buyer(s) Alsco
Sellers(s) MML
Deal Type Add-on Acquisition

Target

CLEAN Linen Services

Berkshire, United Kingdom
CLEAN Linen Services Ltd. is a provider of laundry services to commercial and operational needs of businesses. CLEAN Linen Services Ltd. was founded in 1906 and is based in Berkshire, United Kingdom.

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Buyer(S) 1

Buyer

Alsco

Salt Lake City, Utah, United States

Category Company
Founded 1889
Sector Business Services
DESCRIPTION
Alsco supply truck in San Diego, California.
Alsco supply truck in San Diego, California.

Alsco Inc. is a privately-owned company which has been engaged in the linen supply business since 1889. With headquarters in Salt Lake City, UT, Alsco operates in ten countries with over 13,500 employees. Alsco is listed in Forbes' Top 300 Private Companies based on revenue.


DEAL STATS #
Overall 3 of 6
Sector: Consumer Services M&A 1 of 2
Type: Add-on Acquisition M&A Deals 3 of 6
Country: United Kingdom M&A 1 of 1
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-09-06 National Linen & Uniform Service

Doraville, Georgia, United States

National Linen & Uniform Service (NLUS) was the leading linen rental company in the Southeast United States, serving top hotels, restaurants, and hospitals. Founded in 1919, NLUS picks up, cleans, processes and delivers over 1.3 billion linen items annually. Over 1,000 corporations are members of NLUS’ National Accounts Program, including market leaders like The Ritz-Carlton Hotels, HCA Inc., and Outback Steakhouses. Throughout the company’s storied history, NLUS has developed a reputation for excellence through its dedication to quality products and services. Through its 600 vehicle strong fleet, NLUS delivers linens and uniforms daily to over 8,000 locations on 400 routes daily.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-17 Churchill Linen Services

Brockton, Massachusetts, United States

Churchill Linen Services specializes in hospitality, healthcare, and industrial textile services. Churchill Linen Services offers a range of services, including linen rental, dust control, and uniform cleaning, with a focus on high-quality service and customer satisfaction. Churchill Linen Services is based in Brockton, Massachusetts.

Buy -

Seller(S) 1

SELLER

MML

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 2.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

MML Capital Partners is an investment firm that targets subordinated debt and traditional private equity investments across the US and Europe. MML Capital looks for transactions requiring €5 million and €200 million of capital to support expansion financing, management buyouts, recapitalizations, leveraged buyouts, and take privates. MML Capital invested more than €2 billion across 11 countries. MML Capital was formed in 1988 and has offices in London, Paris, and Stamford, Connecticut.


DEAL STATS #
Overall 22 of 38
Sector: Consumer Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 6 of 11
Country: United Kingdom M&A 8 of 18
Year: 2018 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-01 Gravotech

Rillieux-la-Pape, France

Gravotech is a designer, manufacturer, and distributor of innovative solutions for engraving, marking and artistic modeling. The company utilizes expertise to develop equipment, software, materials, training, and technical services to provide customers with complete solutions for every application. Gravotech was founded in 1938 and is based in Rillieux-la-Pape, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-11 Instant Offices

London, United Kingdom

Instant Offices Ltd. is a provider of independent flexible workspace solutions. Instant provides alternative methods of office procurement and management, with specific focus on flexible workspace and medium-term lease solutions. Instant Offices Ltd. was founded in 1999 and is based in London, United Kingdom.

Sell -