Anchorage Capital Partners is pleased to announce it has completed the acquisition of South Pacific Laundry (“SPL”).
SPL is a leading Australia-wide laundry operator, serving customers in the accommodation and healthcare sectors from a national network of processing plants and distribution centres.
SPL has experienced rapid growth through undertaking approximately +20 bolt-on acquisitions to complete its national footprint present Anchorage with an opportunity to continue to drive consistency of best-practice processes across the SPL network.
SPL will be led by Chief Executive Officer, Ray Hayes. Ray was previously General Manager of SPL and has worked in the commercial laundry industry for over 35 years.
Anchorage will be represented on the Board of South Pacific Laundry by Callen O’Brien and Daniel Wong.
About South Pacific Laundry
SPL is a leading Australia-wide laundry operator, serving customers in the accommodation and healthcare sectors from a national network of processing plants and distribution centres. SPL’s key service offering includes the procurement, supply and laundering of linen for over 3,000 customers. Its operations include 9 processing plants and 12 distribution centres serving all major metropolitan markets and regional population centres in Australia. SPL is headquartered in Melbourne, Australia.
About Anchorage Capital Partners
Anchorage Capital Partners is a specialist Australian private equity firm that focuses on investing in companies which have strong and established track records but are operating below their full potential. The funds managed by Anchorage have $810 million in committed capital. Anchorage’s partners and investment professionals have considerable experience in company management, operations, corporate strategy, management consulting and corporate finance and have a long track record of successful partnerships with management teams.