LAS VEGAS — PureStar, a national hospitality laundry services provider headquartered here, reports it has acquired Emerald Textiles, a West Coast linen services provider to the healthcare industry based in San Diego.
Terms of the transaction were not disclosed.
PureStar says the combination creates one of the top commercial laundry service providers in the United States, with a scaled and diversified platform serving both the hospitality and healthcare end markets.
“Emerald has built an exceptional platform, and we are excited to bring their capabilities in healthcare laundry services to the PureStar platform,” says Brian Herington, CEO of PureStar.
“This investment bolsters both PureStar and Emerald by adding additional depth of experience and best practices. The combination will also enable continued investment in our people, facilities and systems across our national network.”
PureStar has more than 100 years of combined service experience across 41 facilities nationwide and 15 regional brands.
Emerald Textiles operates 12 facilities and three depots. As the second-largest healthcare provider nationwide, Emerald’s network of state-of-the-art facilities provides mission-critical linen services to hospitals and healthcare systems across the West Coast, according to PureStar.
“We are proud of the business we have built at Emerald and the trust we’ve earned from our healthcare customers,” says Andy Kratky, CEO of Emerald Textiles. “Joining PureStar’s nationwide portfolio of brands and facilities provides us with the scale and resources to continue to grow with, and provide top-tier service to, our healthcare customers in both existing and new geographies.”
“This transaction represents an important milestone in our strategy to build a scaled, diversified essential services platform,” says Emily Pollack, a partner at Cornell Capital, which backs PureStar.
“Emerald is a best-in-class operator with a strong management team and a culture that aligns well with PureStar’s. By bringing together leading hospitality and healthcare laundry platforms, we are creating a differentiated market leader with long-term growth opportunities.”
Jefferies LLC served as buy-side financial adviser and Davis Polk & Wardwell LLP served as legal counsel to PureStar and Cornell Capital.
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