PureStar Acquires Emerald Textiles from Pacific Avenue Capital Partners

Emerald Textiles Acquires West Coast Assets of Angelica Corporation

December 4, 2021

Healthcare Services

Emerald Textiles, a portfolio company of Pacific Avenue Capital Partners, acquired the West Coast assets of Angelica Corporation, including nine facilities that expand Emerald into Phoenix and Las Vegas and strengthen its Northern and Southern California footprint. The deal grows Emerald's network to 15 plants and 2 service depots (serving nearly 2,000 customer sites) and further establishes the company as the largest healthcare linen services provider in the Western United States.

PureStar Acquires Assets of Radiant Services Corporation

February 6, 2025

Industrial Services

PureStar, the Cornell Capital-backed hospitality laundry platform, has acquired certain assets of Radiant Services Corporation, a Gardena, California-based hospitality laundry and dry-cleaning provider operating a 73,000-square-foot facility. The asset purchase expands PureStar’s footprint into Southern California (including Los Angeles, San Diego, and Palm Springs) as part of its ongoing acquisition strategy; terms were not disclosed.

PureStar Acquires Breck's Commercial Laundries

December 19, 2025

Industrial Services

PureStar, a Las Vegas–based commercial laundry platform backed by Cornell Capital, has acquired Breck's Commercial Laundries, which operates multiple laundry and dry-cleaning facilities serving hotels and ski resorts across Colorado. The acquisition expands PureStar's presence in Denver and Colorado ski markets and adds capacity through facilities in Silverthorne, Eagle and Edwards, Colorado; the founders will remain with the business.

Crestview Partners Acquires Emerald EMS from New Water Capital

January 4, 2022

Manufacturing

Crestview Partners has completed the acquisition of Emerald EMS from New Water Capital, with Emerald's CEO Vic Giglio continuing to lead the company. Headquartered in Salem, New Hampshire, Emerald is a high-mix, low-volume electronics manufacturing services provider operating six U.S. facilities and one in China; financial terms were not disclosed. Crestview intends to invest in the business and pursue additional add-ons and capability expansion to accelerate Emerald's growth.

Atlantic Southern Paving & Sealcoating Acquires Emerald Paving Company

February 2, 2021

Construction

Atlantic Southern Paving & Sealcoating, a PE-backed national commercial pavement maintenance company, has acquired Emerald Paving Company of Westminster, California. The deal is Atlantic Southern's first add-on and is intended to expand the platform's presence into the Western United States to better serve its national customer base.

Angeles Equity Partners Acquires Xanitos

June 29, 2021

Healthcare Services

Angeles Equity Partners, through an affiliate, acquired Xanitos, Inc., a specialized provider of environmental services (EVS), linen management, laundry, and patient transport services to hospitals and acute care settings nationwide. Stellus Capital Management provided unitranche financing and an equity co-investment to support the transaction; financial terms were not disclosed. Angeles said the deal establishes Xanitos as a specialist EVS platform to accelerate growth and consolidate the sector.