The Pritzker Organization (TPO) has made a growth investment in Crown Health Care Laundry Services (Crown), a provider of outsourced linen management services and specialty products to hospitals, clinics and other healthcare facilities
As part of TPO’s investment, affiliates of Quilvest Capital Partners (Quilvest), the Company’s existing financial partner, sold its majority interests. Blenheim LP (Blenheim), an existing minority investor, will remain a significant shareholder along with Crown management. Financial terms of the transaction have not been disclosed.
Crown is a clear leader in the healthcare linen services market. By leveraging its differentiated and sustainable strategy focused on superior quality and service, Crown delivers unparalleled service levels to its broad base of blue-chip healthcare customers across the Southeast via its well-invested network of seven facilities.
“Crown has established itself as the leading provider of healthcare linen management solutions across the Southeast region and we are pleased to partner with them to drive continued growth,” says Joseph Gleberman, Managing Director of TPO.
Source: Private Equity Wire
