CHARLOTTE, N.C. — Swisher Hygiene reports that it has acquired certain assets of two more linen services companies: Green on Whites Inc. in South Florida and CMI LV Inc., also known as Cactus Mats, in Nevada.
Green on Whites provides linen and facilities rental services to foodservice and hospitality customers in the greater Miami market.
“Our South Florida operations have expanded considerably in the last year through acquisitions and especially organic growth, which has led us to be at near capacity at our current facility in the region,” says Steven R. Berrard, Swisher Hygiene CEO. “Through this acquisition, we have secured a larger platform which will enable us to further grow our linen services presence in South Florida.”
Swisher Hygiene paid approximately $371,000 in cash, assumed certain liabilities, and issued a promissory note equivalent to as many as 77,495 shares of common stock for Green on Whites.
Cactus Mats provides linen and facilities rental services, including the rental of floor mats, towels and mops, primarily to foodservice and retail customers in the greater Las Vegas market.
“We continue to build our full-service coverage and strong presence in the Southwestern U.S. through today’s acquisition, which will expand our linen service coverage in the major metropolitan region of Las Vegas, as well as enabling us to additionally cover the greater Phoenix market going forward,” Berrard said at the time of the Cactus Mats acquisition.
Swisher Hygiene paid an undisclosed amount of cash and issued a promissory note equivalent to as many as 71,429 shares of common stock for Cactus Mats.