On August 1st, 2025 Surge Private Equity LLC (“Surge”) closed on its investment into White Plains Linen (“WPL”), a leading provider of commercial laundry services based in Peekskill, New York. The transaction, valued over $50MM, closed with debt financing provided by Capital Southwest Corporation. IMG Business Advisors acted as lead advisor for the deal.
Founded in 1938, WPL has built a strong reputation serving the New York metropolitan area’s hospitality industry, including restaurants and hotels. The company provides a full range of textile rental and laundry services known for their reliability, high-touch customer services, and ability to meet the needs of premium clients with tight turnaround times. The company boasts an 86% rate of recurring revenue, reflecting the long-standing relationships and ongoing demand from its customer base.
“We are excited to partner with a company as established and respected as White Plains Linen,” said Lewis Sharp, Partner at Surge. “Their reputation for quality and customer loyalty aligns well with our investment strategy, and we look forward to supporting their continued growth.” Bruce Botchman, the seller, added, “With eight years of active involvement in the NYC commercial services space, Surge has developed a network of skilled operators and will help White Plains provide better services to its customers.” Michael Givner added, “Bruce led a tremendous growth period that his grandfather started nearly a century ago. This transaction was a true win-win for all and it was an honor to guide Bruce through the process.”