Seaport Capital Invests in Linen King: Trust in Business Model!

Seaport Capital – a New York-based private equity firm – recently completed a strategic investment alongside the founders and operators of Linen King, Leonard and LK McCullough. The aim is  to support the continued growth of the company. Linen King is a major provider of outsourced laundry cleaning and management services to hospitals, health systems, and healthcare clinics in the South Central and Midwest of the USA.

Leonard McCullough, the company’s Founder and CEO states:  “I’m looking forward to our new partnership with Seaport Capital and the exciting growth opportunities they will help us execute. They quickly understood us and demonstrated that they shared the values our company believes in. We not only intend to provide the highest levels of service to our customers, but also want to be a great place to work for our employees.”

Drew Meyers, Partner at Seaport Capital, commented on the investment: “Linen King has established remarkable success throughout its history and has proven to be a leader in the healthcare laundry services sector.” Bob Tamashunas, Partner at Seaport Capital, added: “Linen King’s business model and approach of staying regionally-focused in a highly fragmented industry, their maintaining long-term customer contracts and being led by its founders aligns well with Seaport’s investing strategy.”