H.I.G. Capital announced that one of its affiliates has completed the acquisition of Crothall Laundry Services. Formerly a subsidiary of Compass Group, Crothall is a provider of outsourced laundry and linen management services to the healthcare and hospitality sectors.
H.I.G. is partnering with the current management team to support the Company’s continued expansion. “This is an exciting event. Over the last three decades, we have made substantial investments in our plants, infrastructure and capabilities while supporting the growth of leading healthcare organizations. Now, more than ever, our customers are increasingly relying on us to support their linen management and infection control needs,” said Michael Barner, Crothall’s chief executive officer. Barner added, “We are excited to work with H.I.G. Capital as we push ahead with our expansion plans.”
“Crothall is the clear leader in the laundry and linen management sector, serving healthcare institutions through the combination of best-in-class operations, scalable data-driven processes and a stringent focus on quality. These solutions have increasingly positioned Crothall as a critical partner to healthcare providers as they seek to improve the patient experience,” said Richard Stokes, Managing Director at H.I.G. “We look forward to working with the team to build upon their success and support continued growth initiatives.”
