Investment Summary

Breakwater Management and Highland Avenue Capital Invest In Apex Linen

On October 1, 2019, private equity firms Breakwater Management and Highland Avenue Capital invested in business services company Apex Linen

Investment Highlights
  • This is Breakwater Management’s 2nd and Highland Avenue Capital’s 1st transaction in the Business Services sector.
  • This is Breakwater Management’s 16th and Highland Avenue Capital’s 2nd transaction in the United States.
  • This is Breakwater Management’s 2nd and Highland Avenue Capital’s 1st transaction in Nevada.

Investment Summary
Date 2019-10-01
Target Apex Linen
Sector Business Services
Investor(s) Breakwater Management
Highland Avenue Capital
Deal Type Growth Capital

Target

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.

Search 201,292 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Investor(S) 2

Investor

Breakwater Management

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2009
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Breakwater Investment Management is a private investment firm focused on providing loans and growth capital financing to owner-entrepreneurs and sponsor-backed businesses in the lower middle-market. The Firm looks to invest at least $20 million in profitable companies (> $5 million of EBITDA) throughout the US and Canada. Breakwater Investment Management was formed in 2009 and is headquartered in Los Angeles, California.

DEAL STATS #
Overall 17 of 18
Sector (Business Services) 2 of 2
Type (Growth Capital) 14 of 15
State (Nevada) 2 of 2
Country (United States) 16 of 16
Year (2019) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-12 Loot Crate

Los Angeles, California, United States

Loot Crate partners with the largest movie studios, game companies, comics publishers, and general pop culture talent to deliver multiple lines of themed mystery boxes monthly to fans, affectionately called “Looters,” around the world. More than just a branded box of licensed apparel and collectibles. Loot Crate was founded in 2012 and is based in Los Angeles, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-25 SmartyPants

Marina Del Rey, California, United States

SmartyPants, Inc. is a developer and provider of gummy vitamins for kids and adults. Starting with a multifunctional supplement for kids and adults formulated based on the needs of the average American diet, SmartyPants expanded the portfolio to include supplements custom-tailored for a range of life stages and dietary requirements. SmartyPants was founded in 2011 and is based in Marina Del Rey, California.

Sell -
Investor

Highland Avenue Capital

Category Private Equity Firm
Founded 2016
Size Middle-Market
Type Sector Agnostic
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 2 of 2
Sector (Business Services) 1 of 1
Type (Growth Capital) 1 of 1
State (Nevada) 1 of 1
Country (United States) 2 of 2
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-22 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.

Buy -
Mergr

Product

Company

Legal