H.I.G. Capital Acquires France Workwear: A New Era Begins
H.I.G. Capital, a prominent player in global alternative investments, has embarked on an exciting journey by acquiring the France Workwear business from Rentokil Initial. This strategic move, set to be rebranded in early 2026, underscores H.I.G.'s commitment to expanding its portfolio and delivering enhanced value through innovative textile services.
Unveiling France Workwear's Expertise
France Workwear stands out as a leader in full-cycle textile services, specializing in offering comprehensive solutions that include the design, rental, and laundry of workwear, flat linen, and hygiene solutions. With a remarkable reach across 34 locations and a robust logistics network, they efficiently serve over 21,000 clients spanning various industries. Their customer-centric approach is evident in their long-term subscription contracts, which have led to high retention rates.
Leadership Voices on the Acquisition
Fabrice Shoshany, France Workwear's CEO, expressed enthusiasm about joining the H.I.G. family, highlighting the partnership’s potential to drive growth and enhance innovation within their services. He stated, "We are embarking on a new chapter, aiming to solidify our leadership in textile rental services while committing to sustainability and exceptional service to our stakeholders. With H.I.G.'s support, we will further establish our benchmark status in the industry."
Tobias Borkowski, Managing Director at H.I.G., emphasized France Workwear's critical role in the French textile services landscape. He pointed out, "With a resilient subscription-based model and a strategic vision for growth, the business is poised for success as an independent entity, ready to expand its presence across Europe."
The Future of Textile Rental Services
Markus Noe-Nordberg, Managing Director and Head of H.I.G. Europe Middle Market Private Equity, shared his excitement about investing in a company that leads with innovation in textile rental services. He remarked, "Our goal is to facilitate France Workwear’s transition as an independent entity and to accelerate its growth trajectory, leveraging our experience in corporate carve-outs and scaling operations." This collaboration is anticipated to broaden France Workwear's reach and elevate service quality within the textile rental industry.
About France Workwear
France Workwear excels as a leading provider of full-cycle textile services, focusing on workwear and hygiene solutions tailored to diverse industries. Committed to service excellence and sustainability, their operations enable businesses to function efficiently and responsibly, ensuring safety and quality in their textile service offerings.
About H.I.G. Capital
Established in 1993, H.I.G. has cultivated a stellar reputation as an alternative investment firm managing $70 billion in capital. With a diverse operational footprint that includes various U.S. cities and international hubs, H.I.G. specializes in providing debt and equity capital to middle market companies. Their tailored approaches, whether through management buyouts or corporate carve-outs, place them at the forefront of investing in both thriving and underperforming sectors.
H.I.G.'s history of investing in over 400 businesses globally testifies to their expertise in driving transformative growth and value creation. The firm’s current portfolio showcases more than 100 companies, generating combined sales exceeding $53 billion.
Frequently Asked Questions
What is the significance of H.I.G. Capital acquiring France Workwear?
The acquisition marks a strategic expansion for H.I.G. Capital, allowing them to enhance their textile services portfolio while positioning France Workwear for growth and innovation.
What services does France Workwear provide?
France Workwear specializes in full-cycle textile services, including design, rental, laundry, and repair of workwear, flat linen, and hygiene solutions.
How does this acquisition benefit France Workwear's customers?
This partnership is expected to enhance service quality, introduce innovative solutions, and ensure sustainability, delivering greater value to France Workwear's clientele.
Who leads France Workwear after the acquisition?
Fabrice Shoshany continues as the CEO, with a vision to strengthen their market position and commitment to service excellence.
What is H.I.G. Capital known for?
H.I.G. Capital is known for its flexible investment approaches, managing a significant portfolio that includes diverse investments across various sectors, aimed at driving growth and operational efficiency.
