Arctaris Impact Investors and Calvert Street Partners Provide Follow-on Growth Capital to Up To Date Laundry
September 27, 2022
Arctaris Impact Investors (with co-investor Calvert Street Partners and support from ERIE Insurance, The Abell Foundation, and NIIF) made a follow-on growth equity investment in Up To Date Laundry (UTD), one of the largest healthcare laundry facilities on the U.S. East Coast. The capital will fund automation, energy-efficiency upgrades, linen purchases for new customers, and workforce expansion in Baltimore.
- Buyers
- Arctaris Impact Investors, Calvert Street Partners, Erie Insurance, The Abell Foundation, Neighborhood Impact Investment Fund (NIIF)
- Targets
- Up To Date Laundry
- Industry
- Healthcare Services
- Location
- Maryland, United States
- Transaction Type
- Growth capital
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