NEW YORK — Crown Health Care Laundry Services, a provider of outsourced linen management services and specialty products to hospitals, clinics and other healthcare facilities, reports that The Pritzker Organization (TPO) invested in the company to help fuel its next phase of growth.
As part of TPO’s investment, affiliates of Quilvest Capital Partners, the company’s existing financial partner, sold its majority interests.
Blenheim LP, an existing minority investor, will remain a significant shareholder along with Crown management. Financial terms of the transaction were not disclosed.
“As we welcome the TPO team as our partners, I want to thank the Quilvest team for their support as we expanded our business to seven facilities, completed several strategic acquisitions and continued our track record of investing in facilities to maintain industry-leading customer service,” says Don Haferkamp, CEO of Crown.
“The TPO team has a clear understanding of our customer-first service model and our strategy to further expand our customer base, geographic presence and facility network and we are excited to work together to drive growth over the long term.”
“Crown has established itself as the leading provider of healthcare linen management solutions across the Southeast region and we are pleased to partner with them to drive continued growth,” says Joseph Gleberman, managing director of TPO.
“The company’s success reflects its superior value proposition, relentless focus on customer service, broad footprint with best-in-class facilities and long-tenured, entrenched relationships with marquee healthcare providers. We are excited to work with Don and the Crown team as we build on their success well into the future.”
Larry Neubauer, senior partner at Quilvest and manager of Blenheim notes, “TPO has an impressive track record of investing in and supporting growth companies for the long-term and we believe is a great fit to help lead Crown’s next phase of growth. I am enthusiastic about Blenheim remaining a significant investor in Crown.”