Fairmount Partners Advises Nixon Medical in Acquisition of A Linen Connection’s Medical Business
January 25, 2024 by Nixon MedicalNEW CASTLE, DELAWARE – January 25, 2024 – Nixon Medical announced today that it has acquired the medical business of A Linen Connection. A Linen Connection, a provider of laundry services for both medical and food & beverage end markets, has served customers across Central Florida for over 40 years. The transaction closed December 15, 2023, and the transaction terms were not disclosed.
The acquisition comes as part of Nixon Medical’s next phase of growth. In December 2023, Nixon Medical opened its first healthcare laundry facility in the state of Florida.
Acquisitions, such as that of A Linen Connection’s healthcare business, are expected to drive continued growth for Nixon Medical in the coming years. To support its ongoing M&A efforts, the Company recently promoted Ben Berstein, a family member and shareholder of Nixon Medical, to the role of Vice President, Corporate Development. “We look forward to continuing to serve A Linen Connection’s medical customers through our new healthcare laundering facility in Apopka, Florida, bringing the high-quality services consistent with the Nixon Medical brand,” said Ben Berstein. “We are excited about our company’s next phase of growth, both organically and via acquisition. We believe in enhancing the legacy of sellers, consistent with our core values and core purpose, that differentiates Nixon Medical as an acquirer in the healthcare linen market.”
Fairmount Partners’ Managing Director, Jonathan Smith, remarked “We are thrilled to have advised Nixon Medical in structuring, and completing the acquisition of A Linen Connection’s medical business. Helping to shape Nixon Medical’s M&A strategy, and then executing upon it, has been a wonderful experience for our Fairmount team and we look forward to continuing (and accelerating) our partnership with Nixon Medical going-forward.”
Fairmount Partners served as the M&A advisor and Cozen O’Connor served as the legal counsel to Nixon Medical on this transaction.
About Nixon Medical
Nixon Medical, a family-owned industry leader since 1967, specializes in medical apparel and linens for outpatient centers. Our commitment to excellence transcends the role of a vendor as we actively collaborate to establish safe, compliant, and efficient environments—a commitment known as the Nixon Medical Service Difference™️. With gratitude, we’ve recently earned the title of “Customer’s Choice,” a recognition we humbly attribute to our customers who consistently impact patient lives. Our ever-expanding service footprint includes Connecticut, Delaware, Maryland, Massachusetts, New Jersey, New York, Pennsylvania, Rhode Island, Virginia, Texas, and Florida. Visit nixonmedical.com.
About Fairmount Partners
Fairmount Partners is an independent merger and acquisition advisory firm focused on the needs of middle-market companies. Fairmount helps its clients complete mergers and acquisitions (sell-side and buy-side), raise financing for growth, acquisitions and liquidity, and design and improve their general corporate development strategies. Fairmount’s clients include successful entrepreneurs and families, private equity-sponsored enterprises, and global public companies. Since 2003, Fairmount has completed more than 285 transactions, representing over $16 billion in aggregate value, in 23 countries throughout North and South America, Europe, Asia, and Australia. For additional information, please visit www.fairmountpartners.com.
Contacts:
Jonathan Smith
Managing Director
jonathan.smith@fairmountpartners.com
Bill Frame
Director
