M&A Deal Summary

Crothall Healthcare Acquires Healthcare Laundry Systems

On March 8, 2011, Crothall Healthcare acquired business services company Healthcare Laundry Systems from Blue Wolf Capital Partners

Acquisition Highlights
  • This is Crothall Healthcare’s 1st transaction in the Business Services sector.
  • This is Crothall Healthcare’s 1st transaction in the United States.
  • This is Crothall Healthcare’s 1st transaction in Illinois.

M&A Deal Summary

Date 2011-03-08
Target Healthcare Laundry Systems
Sector Business Services
Buyer(s) Crothall Healthcare
Sellers(s) Blue Wolf Capital Partners
Deal Type Add-on Acquisition
Advisor(s) Kroll (Financial)

Target

Healthcare Laundry Systems

Wheeling, Illinois, United States
Healthcare Laundry Systems provides laundry services to hospitals and clinics in the greater Chicago area. HLS is the largest and highest volume provider of healthcare laundry services in North America.

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Buyer(S) 1

Buyer

Crothall Healthcare

Wayne, Pennsylvania, United States

Category Company
Founded 1991
Sector Business Services
DESCRIPTION

Crothall Healthcare is a provider of outsourced laundry and linen management services to the healthcare and hospitality markets. Crothall operates a national network with 29 operating locations that service more than 1,000 customer sites and manages a workforce with more than 2,000 employees. Crothall Healthcare was founded in 1991 and is based in Wayne, Pennsylvania.


DEAL STATS #
Overall 1 of 1
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Illinois M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2011 M&A 1 of 1

Seller(S) 1

SELLER

Blue Wolf Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 3.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Blue Wolf Capital Partners is a private equity investment firm that targets control investments in middle-market North American companies. Blue Wolf looks to commit at least $75 million of equity capital in businesses with minimum revenues of $100 million. Blue Wolf is a generalist firm with broad interest in service and applied engineering companies, capital equipment manufacturers, general manufacturing, financial services, paper products, and broadcast media. Blue Wolf will also consider distressed situation investments. The Firm does not invest in start-ups. Blue Wolf Capital Partners was formed in 2005 and is located in New York, New York.


DEAL STATS #
Overall 1 of 18
Sector: Business Services M&A 1 of 2
Type: Add-on Acquisition M&A Deals 1 of 11
State: Illinois M&A 1 of 1
Country: United States M&A 1 of 16
Year: 2011 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-05 Gloucester Engineering Co

Gloucester, Massachusetts, United States

Gloucester Engineering Co., Inc. (GEC) is a manufacturer of equipment for the plastics extrusion and converting industry. The company offers a range of innovative system and component solutions, for both new lines and retrofits, that provide customers a competitive edge in applications that include bag making, foam, and sheet extrusion, blown and cast film extrusion, and extrusion coating. GEC was formed in 1961 and is based in Gloucester, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-03-29 American Builders Supply

Sanford, Florida, United States

American Builders Supply, Inc. is a distributor of hardscapes, natural stone and related products to landscape professionals.

Buy -