M&A Deal Summary

Linen King Acquires Angelica - Laundry Processing Facility

On November 4, 2020, Linen King acquired business services company Angelica - Laundry Processing Facility from Angelica

Acquisition Highlights
  • This is Linen King’s 1st transaction in the Business Services sector.
  • This is Linen King’s 1st transaction in the United States.
  • This is Linen King’s 1st transaction in Tennessee.

M&A Deal Summary

Date 2020-11-04
Target Angelica - Laundry Processing Facility
Sector Business Services
Buyer(s) Linen King
Sellers(s) Angelica
Deal Type Divestiture

Target

Angelica - Laundry Processing Facility

Ooltewah, Tennessee, United States
Angelica's Laundry Processing Facility provides a wide range of laundry solutions.

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Buyer(S) 1

Buyer

Linen King

Tulsa, Oklahoma, United States

Category Company
Founded 1999
Sector Business Services
DESCRIPTION

Linen King is a provider of outsourced healthcare laundry services to hospitals and healthcare facilities across the mid-South US. Linen King was established in 1999 and is based in Tulsa, Oklahoma.


DEAL STATS #
Overall 1 of 1
Sector (Business Services) 1 of 1
Type (Divestiture) 1 of 1
State (Tennessee) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1

Seller(S) 1

SELLER

Angelica

Alpharetta, Georgia, United States

Category Company
Founded 1878
Sector Business Services
DESCRIPTION

Angelica is a provider of textile rental and linen management services to the U.S. healthcare market. The organization provides laundry and linen management services to hospitals, long term care facilities, and out-patient medical practices from 26 service centers across the nation. Angelica was founded in 1878 and is based in Alpharetta, Georgia.


DEAL STATS #
Overall 1 of 4
Sector (Business Services) 1 of 3
Type (Divestiture) 1 of 4
State (Tennessee) 1 of 1
Country (United States) 1 of 4
Year (2020) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-26 Angelica - Chicago laundry processing facility

Chicago, Illinois, United States

Angelica's Chicago laundry processing facility provides laundry processing services to some of the largest acute care facilities and hospitals in the Chicagoland market. Angelica's Chicago is based in Chicago, Illinois.

Sell -