M&A Deal Summary

Clean Brands Acquires Lapels Dry Cleaning

On October 7, 2021, Clean Brands acquired consumer services company Lapels Dry Cleaning from Greybull Stewardship

Acquisition Highlights
  • This is Clean Brands’ 2nd transaction in the Consumer Services sector.
  • This is Clean Brands’ 2nd transaction in the United States.
  • This is Clean Brands’ 1st transaction in Massachusetts.

M&A Deal Summary
Date 2021-10-07
Target Lapels Dry Cleaning
Sector Consumer Services
Buyer(s) Clean Brands
Sellers(s) Greybull Stewardship
Deal Type Add-on Acquisition

Target

Lapels Dry Cleaning

Hanover, Massachusetts, United States
Lapels Dry Cleaning store offers a full slate of services, including same-day dry cleaning; shirt service; tailoring; shoe repair; wedding gown preservation; suede and leather processing; box storage and fur storage. Lapels Dry Cleaning has stores in Arizona (Gilbert, Chandler, Phoenix, Scottsdale), California (Gilroy, Hollister), Colorado (Littleton), Connecticut (Cromwell), Florida (Fleming Island, Orange Park, Tampa) Louisiana. Lapels Dry Cleaning was founded in 2000 and is based in Hanover, Massachusetts.

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Buyer(S) 1

Buyer

Clean Brands

Naples, Florida, United States
Category Company
Sector Consumer Services
DESCRIPTION

Clean Brands is a multi-brand dry cleaning and laundry entity representing Lapels, Martinizing, 1-800-Dry-Clean & Pressed4Time. Clean Brands is based in Naples, Florida.

DEAL STATS #
Overall 2 of 2
Sector (Consumer Services) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Massachusetts) 1 of 1
Country (United States) 2 of 2
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-07 Martinizing

Royal Oak, Michigan, United States

Martinizing is a provider of dry cleaning services. Martinizing was founded in 1949 and is based in Royal Oak, Michigan.

Buy -

Seller(S) 1

SELLER

Greybull Stewardship

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2010
Size Small
Type Sector Agnostic
DESCRIPTION

Greybull Stewardship is a private investment firm focused on majority or minority investments in small companies. The Firm targets profitable businesses with $500K to $5 million of pre-tax profits. Greybull does not have any sector preferences and will consider opportunities throughout the US. Greybull Stewardship was formed in 2010 and is based in Cody, Wyoming.

DEAL STATS #
Overall 6 of 8
Sector (Consumer Services) 1 of 1
Type (Add-on Acquisition) 6 of 7
State (Massachusetts) 2 of 2
Country (United States) 6 of 8
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-07 Clean Brands

Naples, Florida, United States

Clean Brands is a multi-brand dry cleaning and laundry entity representing Lapels, Martinizing, 1-800-Dry-Clean & Pressed4Time. Clean Brands is based in Naples, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-27 Courtroom Connect

Marietta, Georgia, United States

Courtroom Connect provides a comprehensive selection of connectivity services, including video, audio, evidence, and text streaming, as well as videoconferencing for remote attendance at trials, hearings, depositions, and arbitration. The company has accumulated over two decades of industry expertise, enabling litigators to enhance their efficacy and productivity. Courtroom Connect was founded in 2001 and is based in Marietta, Georgia.

Buy -
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