North Grounds Partners has acquired Royal Cleaners, a reputable dry cleaning and laundry service, marking its first investment in the growing laundry industry.

Information on the Target

Royal Cleaners is a reputable dry cleaning and laundry service provider known for its commitment to quality and customer satisfaction. Founded with the aim of delivering exceptional cleaning solutions, Royal Cleaners has established a solid customer base and a strong presence in the local market. The company offers a variety of services, including dry cleaning, wash-and-fold laundry, and specialized garment care, making it a versatile player in the industry.

The acquisition of Royal Cleaners reflects North Grounds Partners' strategic focus on expanding their portfolio in the laundry industry, which has shown resilience and growth potential despite economic fluctuations. With its well-trained staff and state-of-the-art equipment, Royal Cleaners is positioned to capitalize on the increasing demand for professional laundry services.

Industry Overview in the Target’s Specific Country

The laundry and dry cleaning industry in the United States has experienced steady growth, driven by evolving consumer lifestyles and an increasing focus on convenience. With more individuals leading busy lives, the