Xanitos

Xanitos provides environmental services (“EVS”), patient transport and laundry management for hospitals and other acute care settings

Status: Exited
Investment date: June 2021
Business model: Critical Industrial Services
Sub-sector: Facilities Management
Transaction type: Partnership with Founder
Exit date: 2025

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Investment thesis:

• Acquire one of the few EVS specialist players in the acute care space, facilitate a leadership transition and create meaningful value by professionalizing an entrepreneurial company

Value creation levers:

• Invested behind a new executive leadership team, including the addition of an experienced Chief Financial Officer and Chief Revenue Officer

• Strategically repositioned the business towards high value full-service contracts, added new service lines through M&A, and diversified the customer base

• Implemented operational improvements: reduced capital intensity, increased labor productivity and safety, reduced SG&A as a % of sales

Exit:

• Sold Xanitos to Bessemer Investors

Add-ons completed: