Surge Private Equity Finalizes Investment in White Plains Linen with Capital Southwest Corporation's Support

Reuters

08/13

Surge Private Equity Finalizes Investment in White Plains Linen with Capital Southwest Corporation's Support

Surge Private Equity LLC has successfully closed its investment into White Plains Linen, a prominent commercial laundry service provider based in Peekskill, New York. The transaction, valued at over $50 million, was completed with debt financing from Capital Southwest Corporation. Surge's partner, Lewis Sharp, expressed enthusiasm over the partnership, highlighting White Plains Linen's strong reputation for quality and customer loyalty, which aligns with Surge's investment strategy. Bruce Botchman, the seller, praised Surge's experience in the NYC commercial services space, anticipating enhanced services for White Plains' customers. Founded in 1938, White Plains Linen serves the New York metropolitan area's hospitality industry, enjoying an 86% recurring revenue rate due to its reliable and high-quality services. This deal marks Surge's fifteenth platform investment and its sixth within the New York City commercial services industry.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CSC - Capital Southwest Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 20250812785553) on August 13, 2025, and is solely responsible for the information contained therein.

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