NEW CASTLE, Del. — Nixon Medical, a service provider of medical apparel and linens based here, reports that it has acquired the medical business of A Linen Connection.
A Linen Connection, a provider of laundry services for both medical and food & beverage markets, has served customers across Central Florida for more than 40 years.
The transaction closed on Dec. 15, and the transaction terms were not disclosed.
The acquisition comes as part of Nixon Medical’s next phase of growth. In December, Nixon Medical opened its first healthcare laundry facility in Florida.
Acquisitions, such as that of A Linen Connection’s healthcare business, are expected to drive continued growth for Nixon Medical in the coming years, according to the company.
To support its ongoing M&A efforts, the Nixon Medial says it promoted Ben Berstein, a family member and shareholder of Nixon Medical, to the role of vice president of corporate development.
“We look forward to continuing to serve A Linen Connection’s medical customers through our new healthcare laundering facility in Apopka, Florida, bringing the high-quality services consistent with the Nixon Medical brand,” Berstein says.
“We are excited about our company’s next phase of growth, both organically and via acquisition. We believe in enhancing the legacy of sellers, consistent with our core values and core purpose, that differentiates Nixon Medical as an acquirer in the healthcare linen market.”
Fairmount Partners’ Managing Director Jonathan Smith says, “We are thrilled to have advised Nixon Medical in structuring and completing the acquisition of A Linen Connection’s medical business.
"Helping to shape Nixon Medical’s M&A strategy, and then executing upon it, has been a wonderful experience for our Fairmount team and we look forward to continuing (and accelerating) our partnership with Nixon Medical going forward.”
Fairmount Partners served as the M&A advisor and Cozen O’Connor served as the legal counsel to Nixon Medical on this transaction.
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