M&A Deal Summary

Highland Avenue Capital Acquires Encore Textile Services

On May 22, 2017, private equity firm Highland Avenue Capital acquired apparel/textiles company Encore Textile Services

Acquisition Highlights
  • This is Highland Avenue Capital’s 1st transaction in the Apparel/Textiles sector.
  • This is Highland Avenue Capital’s 3rd transaction in the United States.
  • This is Highland Avenue Capital’s 2nd transaction in California.

M&A Deal Summary

Date 2017-05-22
Target Encore Textile Services
Sector Apparel/Textiles
Buyer(s) Highland Avenue Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Encore Textile Services

Los Angeles, California, United States
Encore Textile Services is a provider of linen services, based in Los Angeles, California.

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Buyer(S) 1

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 3 of 5
Sector: Apparel/Textiles M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 3 of 4
State: California M&A 2 of 2
Country: United States M&A 3 of 5
Year: 2017 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-01 Associated Linen Management

Nevada, United States

Associated Linen Management is a hospitality linen services & management Platform that services large regional healthcare providers in Nevada.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-01 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.

Buy -