LAS VEGAS — PureStar, a provider of laundry services and linen management to the hospitality industry backed by private equity firm Cornell Capital, reports that it has acquired certain assets of Apex Linen, a provider of high-volume, commercial laundry and dry cleaning services to the hospitality and restaurant industries in the greater Las Vegas area.
Terms of the deal were not disclosed.
Apex operates an approximately 90,000-square-foot facility, strategically located near Las Vegas’s core lodging and entertainment hubs, with an extensive base of laundry equipment that enables the company to offer superior service capabilities and response times.
The acquisition of the Apex assets will provide PureStar with additional resources to support the Company's production capacity and expand its customer base, the company says.
“Las Vegas is one of the largest and fastest-growing hospitality markets in the U.S. and is a core strategic focus for PureStar,” says CEO Brian Herington. “Acquiring the Apex assets provides PureStar with additional scale that will enable us to increase productivity and service levels to capitalize on the demand in the hospitality, food and beverage, and uniform markets.
“We look forward to working with the Apex team to further increase plant capacity and operating efficiencies.”
Moelis & Company LLC acted as exclusive financial advisor to Apex Linen.
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