M&A Deal Summary

York Private Equity Acquires Healthcare Linen Services Group

On April 6, 2022, private equity firm York Private Equity acquired business services company Healthcare Linen Services Group from Thompson Street Capital Partners

Acquisition Highlights
  • This is York Private Equity’s 2nd transaction in the Business Services sector.
  • This is York Private Equity’s 5th transaction in the United States.
  • This is York Private Equity’s 1st transaction in Illinois.

M&A Deal Summary
Date 2022-04-06
Target Healthcare Linen Services Group
Sector Business Services
Buyer(s) York Private Equity
Sellers(s) Thompson Street Capital Partners
Deal Type Secondary Buyout
Advisor(s) Lincoln International
Stephens Investment Banking (Financial)

Target

Healthcare Linen Services Group

Batavia, Illinois, United States
Healthcare Linen Services Group is a provider of outsourced linen management services to the healthcare industry. The companies serve hospitals, clinics and nursing homes across the upper and central Midwest through their state-of-the-art facilities while maintaining a dedicated focus on providing outstanding customer service. Healthcare Linen Services Group is based in Batavia, Illinois.

Search 201,292 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

York Private Equity

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1991
Size Large
Type Sector Agnostic
DESCRIPTION

York Private Equity is the direct investing arm of asset manager and hedge fund York Capital Management. York Private Equity looks to fund a variety of transaction situations including founders seeking liquidity, consolidations, recapitalizations, and corporate divestitures. Sectors of interest include consumer, business services, financial services, healthcare, and industrials. York Private Equity is based in New York City.

DEAL STATS #
Overall 6 of 7
Sector (Business Services) 2 of 2
Type (Secondary Buyout) 4 of 4
State (Illinois) 1 of 2
Country (United States) 5 of 6
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-29 AMC Health

New York, New York, United States

AMC Health provides advanced, real-time, analytics-driven, virtual care solutions that have driven outstanding and measurable outcomes to hundreds of thousands of patients across the healthcare continuum, including payers, provider systems, and governmental agencies. Its FDA Class II cleared, clinical decision support platform is combined with end-to-end, clinical, and support RPM services that enable healthcare organizations to confidently extend their services beyond the four walls of a hospital and ambulatory clinic settings. AMC Health's unparalleled corpus of peer-reviewed, published studies highlights clinical improvements for conditions including heart failure, diabetes, and hypertension, resulting in reductions in hospital admissions and substantial financial returns on investment. AMC Health was formed in 2002 and is based in New York, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-02 Comprehensive Rehab Consultants

Oakbrook Terrace, Illinois, United States

Comprehensive Rehab Consultants is a national medical group providing physiatry and psychiatry services as well as care coordination for patients to the post-acute healthcare landscape. Comprehensive Rehab Consultants is based in Oakbrook Terrace, Illinois.

Buy -

Seller(S) 1

SELLER

Thompson Street Capital Partners

St. Louis, Missouri, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2001
PE ASSETS 2.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Thompson Street Capital Partners is a private equity firm that targets control stakes in profitable, mid-sized North American companies with $5 to $20 million of EBITDA. Thompson Street looks for family businesses, private companies seeking liquidity, corporate divestitures, and public companies going private. Areas of interest include healthcare services, business services, electronics, information technology, and engineered products companies. Thompson Street will not consider investments in start-ups, early stage companies, or real estate. Thompson Street Capital was founded in 2000 and is based in St. Louis, Missouri.

DEAL STATS #
Overall 42 of 47
Sector (Business Services) 3 of 3
Type (Secondary Buyout) 15 of 17
State (Illinois) 6 of 6
Country (United States) 42 of 47
Year (2022) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-22 Len the Plumber

Baltimore, Maryland, United States

Len the Plumber is a residential services company with a specialization in plumbing and HVAC services, operating across the Mid-Atlantic and Southeast regions under six brands. The company provides professional, same-day service seven days a week, with technicians working around customer schedules, never charging extra for same-day, evening, or weekend appointments, and dispatched based on specialization. Len the Plumber was founded in 1996 and is based in Baltimore, Maryland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-03 Intellivo

Memphis, Tennessee, United States

Intellivo provides significant cost savings for its clients by recovering dollars through health plan subrogation and compensation recovery services. Intellivo was founded in 1999 and is based in Memphis, Tennessee.

Buy -
Mergr

Product

Company

Legal