M&A Deal Summary

Linen Holdings Acquires TY Group

On September 10, 2010, Linen Holdings acquired apparel/textiles company TY Group

Acquisition Highlights
  • This is Linen Holdings’ 1st transaction in the Apparel/Textiles sector.
  • This is Linen Holdings’ 1st transaction in the United States.
  • This is Linen Holdings’ 1st transaction in Florida.

M&A Deal Summary
Date 2010-09-10
Target TY Group
Sector Apparel/Textiles
Buyer(s) Linen Holdings
Deal Type Add-on Acquisition
Advisor(s) Cobaltum Partners (Financial)

Target

TY Group

Miami, Florida, United States
TY Group designs, manufactures and distributes bathrobes, towels, linens and amenities, including soaps, shampoos and lotions, for the high-end and luxury hospitality industry in North, Central and South America including the Caribbean. Founded in 1995 and based in Miami, FL, TY Group clients include some of the largest, most prestigious hotel chains and cruise lines in the country such as Marriott, Hilton, Hyatt, Intercontinental and Carnival Cruises.

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Buyer(S) 1

Buyer

Linen Holdings

Gibbsboro, New Jersey, United States
Category Company
Founded 1973
Sector Distribution
DESCRIPTION

Linen Holdings is a high service supplier of bath, bed and table linens and other textile products primarily on a replacement basis to small and mid-sized U.S. accounts in the hospitality, health care, government and school sectors.

DEAL STATS #
Overall 1 of 1
Sector (Apparel/Textiles) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Florida) 1 of 1
Country (United States) 1 of 1
Year (2010) 1 of 1
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