Linen King, a Seaport Capital Portfolio Company, Acquires Laundry Processing Facility in Ooltewah to Significantly Expand Service Area
November 4, 2020
Linen King, a leading provider of healthcare laundry services in the south and central United States, recently announced the acquisition of a laundry processing facility in Ooltewah, Tennessee from Angelica. The acquisition adds the seventh laundry facility and 25 million pounds of processing capacity to Linen King’s network of plants across five states.
Ooltewah complements Linen King’s existing plant in Memphis, Tennessee and extends the Company’s full service capabilities into the southeast markets of Alabama, Georgia, North Carolina, and Kentucky.
“The purchase of the Ooltewah facility aligns with our long-standing commitment to our core markets in the south and central US, where we have served customers for over twenty years. Our reputation for reliable, best-in-class service is built on our deep pool of regional resources and our outstanding team. Ooltewah builds on this foundation by increasing our service capacity and geographic redundancy for customers across our markets,” said Linen King Founder and CEO Leonard McCullough. “This acquisition also supports a natural expansion of our regional footprint, and we are excited to serve new customers across several southeast states.”
About Linen King
Headquartered in Tulsa, Oklahoma, Linen King was founded in 1999 by Leonard and LK McCullough and currently processes over 100 million pounds of textile products annually for hospitals and medical facilities throughout the south and central United States. Linen King provides a wide range of customized laundry solutions for its clients out of its seven processing facilities in Arkansas (Conway and Springdale), Kansas (Wichita), Missouri (Columbia), Oklahoma (Midwest City) and Tennessee (Memphis and Ooltewah). For additional information, visit http://www.thelinenking.com/
About Seaport Capital
Founded in 1997, Seaport Capital is a lower middle market buyout firm that invests in communication infrastructure and services, business and information services and media companies (the “Focus Sectors”). Seaport’s senior investment team has over 100 years of combined experience investing in the Focus Sectors, and the team has worked collectively for over 15 years. Seaport typically invests $10 to $30 million of equity capital in companies generating EBITDA between $3 and $15 million, with the goal of maximizing the return on invested capital. Seaport’s substantial industry expertise and investing experience enable it to develop successful strategies; its relationships and team help achieve them. Nearly all of Seaport’s platform investments have been owned by founders or entrepreneurs seeking a collaborative institutional partner to provide the financial and operational resources to grow their businesses and execute on a successful strategic plan. For additional information, visit www.seaportcapital.com