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HLD Group completes acquisition of linen provider based in the South East of England. – March 2018

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HLD Group completes acquisition of linen provider based in the South East of England. – March 2018

The HLD Group today completed the purchase of a major linen and laundry service provider based in the South East of England. The business which is the second largest provider of laundry services in the London conurbation had annual revenues in excess of £20M. The funding of the business was a combination of equity and mezzanine finance including plant and machinery in excess of £2M. The incumbent management team will remain in place and the focus of the business will turn to top line improvement and introduction of RFID technology to assist in the logistical services provided to clients.