Investments
Investments
HEALTHCARE LAUNDRY SYSTEMS
The first investment of Blue Wolf Capital Fund II, L.P., Healthcare Laundry Systems provides laundry services to hospitals and clinics in the greater Chicago area. HLS is the largest and highest volume provider of healthcare laundry services in North America. Transaction challenges included multiple labor agreements, a critically underfunded defined-benefit pension plan, unconventional sellers and unprecedented market turmoil. HLS strengths are a first - rate management team and committed stakeholders in UNITE HERE, the International Brotherhood of Teamsters and the International Union of Operating Engineers. The benefits of the transaction include the provision of top - quality service to hospitals and patients and the establishment of a platform for growth through acquisition.
For more information about the transaction, click here. For more information about HLS click here.