M&A Deal Summary

CHS Capital and New Harbor Capital Acquire WASH

On August 1, 2008, private equity firms CHS Capital and New Harbor Capital acquired consumer services company WASH

Acquisition Highlights
  • This is CHS Capital’s 2nd and New Harbor Capital’s 1st transaction in the Consumer Services sector.
  • This is CHS Capital’s 36th and New Harbor Capital’s 2nd transaction in the United States.
  • This is CHS Capital’s 4th and New Harbor Capital’s 1st transaction in California.
Investment Fate
  • WASH was sold to a consortium of financial buyers in 2015.

M&A Deal Summary

Date 2008-08-01
Target WASH
Sector Consumer Services
Buyer(s) CHS Capital
New Harbor Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

WASH

Torrance, California, United States
WASH is a provider of route-based laundry services to multifamily apartments and universities. The Company operates an infrastructure network across 34 branches, with approximately 635,000 installed machines and 82,000 customer locations. WASH was founded in 1947 and is based in Torrance, California.

Search 215,130 Deals Now

SEARCH BY

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

Try Free

Buyer(S) 2

Buyer

CHS Capital

Chicago, Illinois, United States

Category Private Equity Firm
Founded 1988
PE ASSETS 2.9B USD
Size Large
Type Sector Agnostic
DESCRIPTION

CHS Capital is a large private equity firm that targets US-based company investments in a variety of sectors. CHS will consider both control and non-control positions in businesses with proven management and strong growth potential. Broad sectors of interest include business services, consumer services, consumer products, distribution, industrial products and infrastructure. The Firm looks for businesses valued from $75 to $300 million. CHS will not invest in venture opportunities or turnaround situations. CHS was formed in 1988 and is based in Chicago, Illinois.


DEAL STATS #
Overall 36 of 42
Sector: Consumer Services M&A 2 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 19 of 20
State: California M&A 4 of 4
Country: United States M&A 36 of 42
Year: 2008 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-08-01 Heartland Dental

Effingham, Illinois, United States

Heartland Dental is a dental support organization, providing non-clinical administrative support services to over 840 offices and more than 1,300 supported dentists across 35 states. Heartland Dental partners with its supported dentists to deliver high quality care across the full spectrum of dental services. Heartland Dental was founded in 1997 and is headquartered in Effingham, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-04-01 LVI Services

New York City, New York, United States

LVI Services, Inc. is a provider of cost-effective, schedule-efficient, high quality environmental remediation and facility services.

Sell -
Buyer
DESCRIPTION

New Harbor Capital is a lower middle-market private equity firm focused on investing in and acquiring profitable, growth-oriented companies. New Harbor seeks opportunities in the healthcare services, education, and business services sectors and looks to invest $10 to $40 million per transaction. The Firm prefers control investment situations and typically looks to fund growth capital financings, management buyouts, and recapitalizations. New Harbor Capital was established in 2013 and is headquartered in Chicago, Illinois.


DEAL STATS #
Overall 2 of 22
Sector: Consumer Services M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 2 of 11
State: California M&A 1 of 5
Country: United States M&A 2 of 22
Year: 2008 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-07-19 Utiliserve

Denton, Texas, United States

Utiliserve, Inc. is a distributor of electrical power distribution equipment and supplies to utility companies throughout the south-central and mid-Atlantic United States.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-06 EAB

Washington, District of Columbia, United States

EAB is a provider of best practices research, student success management software and data-enabled enrollment solutions to the not-for-profit higher education and K-12 markets. The Company’s solutions help institutions increase enrollment yield, balance financial aid with revenue generation, drive higher student retention and success, and implement industry best practices derived from benchmarking and research. EAB was founded in 1983 and is based in Washington, Washington DC.

Buy -