Webster Bank provides $29.5MM financing to support acquisition for a leading provider of commercial linen services to the hospitality industry

The Company, a leading provider of commercial linen and laundry services to the hospitality industry across the New York and New Jersey region, wanted to acquire another company to grow their business.

A comprehensive $29.5MM financing package to support the acquisition which included a  $27.5MM term loan to fund the acquisition and a $2MM Revolving Line of Credit to provide ongoing working capital flexibility.

By combining long-term acquisition financing with a working capital facility, Webster structured a solution that not only enabled the transaction to close on time but also positioned the company with the liquidity needed to support day-to-day operations and future growth. This transaction highlights Webster’s ability to partner with clients to design tailored capital solutions that meet both immediate transaction needs and long-term strategic objectives.

“Partnering with Webster Bank gave us the confidence to move forward quickly on this acquisition. Their ability to deliver a tailored financing solution, combining acquisition funding with working capital flexibility was critical to completing the transaction on time. With their support, we are excited to strengthen the company’s position in one of the most important hospitality markets in the world and continue building on the company’s reputation for high quality service.” – Anonymous Client