SAN DIEGO — Emerald Textiles, a portfolio company of Los Angeles-based private investment firm Pacific Avenue Capital Partners LLC, reports that it has acquired the West Coast assets of Angelica Corp., a national healthcare linen service provider.
The transaction includes nine facilities and allows Emerald to expand into the Phoenix and Las Vegas markets and strengthen its footprint in both Northern and Southern California.
Terms of the deal were not disclosed.
The company says the expansion establishes it as the largest healthcare textiles provider in the Western United States, leading in exceptional quality of care and laundry services for the healthcare market.
“We are excited to build out our network of facilities with the acquisition of Angelica’s West Coast assets,” says Andy Kratky, Emerald’s CEO. “The new locations are complementary to our existing locations in California, Nevada and Utah, where we currently operate six facilities and are the largest healthcare linen service provider.
“This acquisition represents a continuation of our effort to build a world-class healthcare linen provider that can serve the overall needs of the West Coast market, where our current and future customers continue to expand and benefit from our support.”
Emerald says it has experienced impressive growth with significant transformation through add-on acquisitions, $35 million of capital invested across its six facilities since 2018, the greenfield expansion in Livingston in 2019, large customer wins, and meaningful operational improvements.
Including the newly acquired Angelica assets, Emerald says it serves nearly 2,000 customer sites.
“Pacific Avenue, alongside the Emerald team, continue to transform the linen services landscape in the Western United States,” says Chris Sznewajs, founder and managing partner of Pacific Avenue. “The acquisition demonstrates our commitment to invest and grow the business to better serve the needs of our customers.
“We are excited to integrate the Angelica assets into the Emerald network and will continue investing in our facilities and state-of-the-art equipment to ensure we meet the needs of our customers.”
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