Angeles Equity Partners has sold Xanitos Inc., a provider of healthcare environmental services, to Bessemer Investors, marking a significant transaction fueled by substantial growth and strategic alignment.

Target Overview

Angeles Equity Partners, LLC, a prominent private investment firm, has successfully completed the sale of Xanitos Inc. to an affiliate of Bessemer Investors, LLC. The financial details of the transaction remain undisclosed. Xanitos is recognized for providing essential healthcare environmental services, which encompass infection prevention support, patient transport, housekeeping, and linen services to over 100 hospitals spread across more than 25 states. Since acquiring Xanitos in 2021, Angeles has closely collaborated with the management to enhance commercial strategies, expand business reach, optimize cost structures, and grow service offerings through mergers and acquisitions.

Under Angeles' stewardship, Xanitos experienced significant growth, with revenue doubling and the frontline workforce expanding. The firm’s efforts to fortify relationships with healthcare systems, broaden the leadership team, and invest in the workforce were pivotal in preparing the company for sustained long-term growth. Frank Spelman, Managing Director at Angeles, expressed pride in Xanitos’ transformation and its strong positioning for future profitability.

Industry Overview

In the United States, the healthcare sector is undergoing a paradigm shift, with an increasing focus on enhanced patient care and operational efficiency. As hospitals and healthcare providers grapple with rising costs and a demand for high-quality service deliver