Willkie represented Seaport Capital in the transaction.
On January 7, Seaport Capital announced it completed a strategic investment alongside founders and operators of Linen King to support the continued growth of Linen King, a leading provider of outsourced laundry cleaning and management services to hospitals, health systems, and healthcare clinics in the regions it serves, which include the South Central and Midwest United States. Willkie represented Seaport in the transaction.
Founded in 1997, New York-based private equity firm Seaport Capital is a lower middle market buyout firm that invests in communication infrastructure and services, business and information services and media companies. Linen King was founded in 1999 by Leonard and LK McCullough and currently processes more than 80 million pounds of textile products annually for hospitals and medical facilities throughout the South Central and Midwest United States. Through its network of six laundry facilities in five states, Linen King offers healthcare customers the security associated with knowing their outsourced linen needs have redundant support within the region.
The Willkie deal team was led by partners Michael Brandt and Bruce Herzog and included associate Ryan Hartnett.