Surge Private Equity LLC has invested over $50 million in White Plains Linen, a leading commercial laundry service provider in Peekskill, New York, with plans to enhance its growth and service offerings.

Target Overview

On August 1st, 2025, Surge Private Equity LLC ('Surge') finalized its investment in White Plains Linen ('WPL'), a premier provider of commercial laundry services headquartered in Peekskill, New York. This transaction, valued at over $50 million, was supported by debt financing from Capital Southwest Corporation. IMG Business Advisors served as the lead advisor for this significant deal.

Founded in 1938, WPL has established a strong presence within the New York metropolitan area’s hospitality sector, catering to restaurants and hotels. The company is renowned for offering a comprehensive range of textile rental and laundry services characterized by reliability and exceptional customer service. With an impressive 86% recurring revenue rate, WPL reflects enduring client relationships and consistent demand for its services.

Industry Overview

The commercial laundry services industry in the United States has experienced steady growth, supported by the rising demand in the hospitality sector, which includes hotels, restaurants, and other servi