MML portfolio company CLEAN Linen Services, a leading independent provider of textile rental and laundry services, has been acquired by US-based Alsco, Inc.
MML backed CLEAN Linen (www.cleanservices.co.uk) is delighted to announce the acquisition of the entire share capital of Stevens Hatherley Holdings Limited trading as Paragon Laundry. Paragon is one of the UK’s largest independent linen and garment rental providers and a shareholder of the Brilliant Laundry Group. Paragon service many of the UK’s leading hospitality and workwear clients across a large geographical region of the UK. The acquisition broadly doubles the size of the CLEAN business.
MML portfolio company CLEAN Linen Services (“CLEAN”) has acquired the trade and assets of Watford Launderers and Cleaners Ltd, a specialist laundry service provider to London’s 5 Star hotel market.
MML Capital Partners (“MML”) is delighted to announce it has made a significant partnership capital investment into CLEAN Linen Services (“CLEAN”), the leading commercial laundry operator. Over the last 10 years CLEAN has achieved exceptional growth, with sales trebling from £10m to £30m, and made significant investment into its market leading laundry facilities. The investment from MML will facilitate the next phase of CLEAN’s ambitious growth plans.