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Featured Mergers, Acquisitions, and Capital Raise Transactions Closed via Axial
Crown Linen Acquired Laundry Plus
- Date September 1, 2016
- Transaction type Acquisition
- Industry Business Services
Crown Linen, a full-service, environmentally-friendly linen laundry services company owned by Nexus Partners, purchased Laundry Plus as a result of a connection made on the Axial network.
“Laundry Plus is an outstanding addition to our portfolio,” said Crown Linen Managing Partner Pablo Lucchesi. “With this acquisition, we have now more than doubled our number of facilities in just one year."
Based in Miami, Crown has operations there, as well as in Orlando, Fort Myers and Haines City. Laundry Plus’ service area includes Bradenton, Sarasota, St. Petersburg and Tampa. The purchase was finalized on Sept. 15. Financial terms weren’t disclosed.
Sunstate Business Brokers served as financial advisor in the transaction.
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