Thompson Street Capital Partners has sold Healthcare Linen Services Group to York Private Equity

Healthcare Linen Services Group

Based in St. Charles, Illinois, Healthcare Linen Services Group (HLSG) is a leading provider of recurring linen management solutions to hospitals, physician offices, surgery centers and nursing homes in the Midwest and Central United States. Leading healthcare providers depend on HLSG to deliver a wide variety of comfortable, bacteria-free linens, which support a positive patient experience and allow providers to remain focused on patient care. The company operates 11 state-of-the-art processing plants across four premier regional brands – Logan’s Linens (Shelbyville, Kentucky), Logan’s Uniform Rental (Shelbyville, Kentucky), Superior Health Linens (Cudahy, Wisconsin) and Textile Care Services (Rochester, Minnesota) – that manage more than 185 million pounds of healthcare linen on an annual basis for more than 500 customers in 12 states.

The Deal

In partnership with Thompson Street Capital Partners (TSCP), HLSG established itself as the Midwest’s leading provider of healthcare laundry services through organic growth and four acquisitions since 2016. York Private Equity has acquired a majority stake in HLSG and will support the organic and inorganic growth of the company as well its mission to exceed customer expectations every day by providing quality linen, on time and with great value.

Our Perspective

Luke Webb, Managing Director at Lincoln, commented, “The healthcare laundry services industry is a large, fragmented market with opportunity for continued consolidation to improve route density, enhance redundancy for customers and leverage operating efficiencies from increased scale including shared technology and support functions. We are thrilled to have had the opportunity to advise TSCP and HLSG on the transaction and look forward to the company’s continued growth in partnership with York Private Equity.”

Thompson Street Capital Partners

Thompson Street Capital Partners is a St. Louis-based private equity firm focused on investing in founder-led, mid-market businesses in the life sciences and healthcare, software and technology, business and consumer services and products sectors. TSCP partners with management teams to increase value by accelerating growth, both organically and via acquisitions.

York Private Equity

York Private Equity, the private investing arm of York Capital Management, primarily targets control investments in mid-market businesses. Since inception in 2008, York Private Equity’s mid-market strategy has completed over 50 investments with aggregate transaction value in excess of $4 billion. York Private Equity has 14 dedicated team members.

Connect with a Senior Team Member
The Lincoln team's thoughtful guidance and tremendous efforts throughout the process were critical in helping HLSG find a new partner that shares management's vision for growth and continuing to drive customer value.
J.C. Wetzel
Director at Thompson Street Capital Partners

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