ST CHARLES, Ill.--(BUSINESS WIRE)--Healthcare Linen Services Group (“HLSG” or the “Company”), a portfolio company of York Capital Management's private equity group ("York Private Equity") and a leading provider of mission-critical healthcare laundry services in the Midwest and Central United States, today announced it has acquired Reino Linen Service (“Reino”), a premier provider of healthcare linen solutions. The acquisition expands HLSG’s operations into the attractive Ohio and Michigan markets, expanding its customer base and adding automated facilities that provide additional capacity to its existing footprint throughout the Midwest. Terms of the transaction were not disclosed.
Founded in 1943, Reino is a leading independent healthcare linen solutions provider that has the capacity to process more than 150 million pounds of laundry annually for hospitals and healthcare facilities. Reino’s strategically located facilities in Brownstone, MI, Kalamazoo, MI, and Gibsonburg, OH allow the company to deliver high-quality service to long-term customers. Reino is well regarded in the industry for its operational track record, industry expertise and data-driven approach to reduce waste, improve outcomes and increase communication with its customers. Daniel Darr, President of Reino, will continue in a key leadership role as the Vice President of Strategy of HLSG.
Following this transaction, HLSG now operates 14 state-of-the-art processing plants across five premier regional brands – Logan’s Linens (Shelbyville, KY), Logan’s Uniform Rental (Shelbyville, KY), Superior Health Linens (Cudahy, WI), Textile Care Services (Rochester, MN), and now Reino (Gibsonburg, OH) – that process 250 million pounds of healthcare linen on an annual basis for over 500 customers in 14 states.
“We are proud to welcome the Reino team to the HLSG family as we continue to execute on our M&A growth strategy, and we are excited about expanding and investing in the combined platform,” said Seth Pearson, Managing Director of York Private Equity.
“Reino, our third acquisition in 2022 following the strategic investment from York Private Equity, has built a solid business and will add significant expertise in Ohio and Michigan,” said Joe LaPorta, President and CEO of HLSG. “We look forward to maintaining Reino’s rich legacy of providing exceptional service to customers and employees.”
Daniel Darr, President of Reino, added, “We are thrilled to be joining the HLSG family, which has developed an outstanding reputation in the industry for its commitment to providing high-quality services. Importantly, HLSG shares our commitment to ensuring the long-term success of our customers and valued employees, and they are the right partner for Reino.”
York Private Equity made a strategic growth investment in HLSG in March 2022, the seventh in its middle-market private equity fund, York Special Opportunities Fund III, L.P., an $800 million dedicated fund raised in April 2020. York Private Equity seeks to partner with founders and entrepreneurs to help facilitate and support organic and inorganic growth in industries such as healthcare services, financial and business services, consumer/retail, and industrials.
About York Private Equity
York Private Equity, the private investing arm of York Capital Management, primarily targets control investments in middle-market businesses. Since inception in 2008, York Private Equity’s middle-market strategy has completed over 50 investments with aggregate transaction value in excess of $4 billion. York Private Equity has 14 dedicated team members. For more information please visit: https://www.yorkcapitalpe.com.
About Healthcare Linen Services Group
Healthcare Linen Services Group (HLSG) is a leading provider of linen management services to the healthcare and hospitality industries. Following the transaction, HLSG will operate five premier regional brands, Logan’s Linens (Shelbyville, KY), Logan’s Uniform Rental (Shelbyville, KY), Superior Health Linens (Cudahy, WI), Textile Care Services (Rochester, MN), and now Reino (Gibsonburg, OH). For Additional Information, visit https://healthcarelinensg.com/.
About Reino Linen Service
Reino Linen Service is a privately owned healthcare laundry company, which first opened its doors in 1943 in Gibsonburg, Ohio. In July 2009, the company opened a second laundry facility in Brownstown, Michigan to meet the increasing demand of Michigan healthcare customers. Today, Reino Linen Service is one of the largest healthcare laundry operations servicing Ohio and Michigan, employing more than 400 people and with the capacity to process more than 150 million pounds of linen annually. For more information, visit https://reinolinen.com/.