PRESS RELEASE - August 2023
Highland Avenue Capital LLC partners with the Leadership and Founders of All About People Inc. and People Med Inc. based in Phoenix, AZ
Highland Avenue Capital LLC, partnered with the owners of All About People Inc. and People Med Inc. to execute a growth and buy & build strategy in the Healthcare Managed Staffing sector throughout the United States. All About People Inc. specializes in managing the staffing needs of hospitals and healthcare facilities by managing skilled position needs within a staffing registry. They also specialize in managing staffing needs within specialized Government facilities. All About People Inc. also specializes in recruiting high profile executive positions for the healthcare and corporate sectors.
People Med largely specializes in managing the staff registries of healthcare and hospital facilities. Together both are positioned to continue to meet the healthcare growth and demand in staffing throughout the United States. Highland, All About People, and People Med will rollout an aggressive buy & build strategy across the United States.
PRESS RELEASE - April 2022
Highland Avenue Capital LLC sells majority shares of Legacy Home Service Group LLC and Legacy Facility Services LLC to the Management team of Yavapai Inc. and a consortium of investors based in Phoenix, AZ
Highland Avenue Capital LLC, partnered with the owners of Yavapai Inc and Several smaller HVAC, plumbing and electrical home and commercial businesses located throughout central and northern Arizona to form two distinct operating businesses servicing both residential and commercial clients during mid 2021. The businesses were lead by the leadership team of Yavapai of which Highland partnered with during 2021. Several operational improvements and platform upgrades were implemented creating a strong competitor in the northern Arizona market.
PRESS RELEASE - December 2021
Highland Avenue Capital LLC acquires a majority interest of 7 Chakras Life LLC
Highland Avenue Capital LLC, partnered with a leading operator in the events and hospitality management industry to acquire the assets of two lifestyle event-based businesses to form 7 Chakras Life LLC based in Los Angeles, CA. The businesses focus on developing and hosting tailored intimate events centered around corporate leadership events, life coaching, executive and business coaching, and self-improvement and healing. 7 Chakras Life LLC partners with celebrity chefs, fitness influencers, lifestyle and self-improvement coaches and influencers as well as licensed therapy professionals to develop tailored retreat-based events in a Zen like atmosphere of boutique hotels and vacation rentals in top destinations all over the world.
Highland also acquired a portfolio of boutique hotels and vacation rentals in several high traffic destinations throughout the United States and rest of the world.
www.7chakraslife.com
PRESS RELEASE - October 2021
Highland Avenue Capital LLC acquires a majority interest of Your Own Resort LLC
Highland Avenue Capital LLC, partnered with a leading operator in the vacation rental and boutique hotel management industry to form Your Own Resort a tailored hotel and vacation rental experience tailored to a unique experience. Highland also acquired a portfolio of hotels and vacation rentals as part of the transaction. Your Own Resort operates throughout California, Utah, Nevada, Arizona and Hawaii. The business also operates a remodel and sales real estate brokerage that caters to designing, remodeling and reselling properties. The dedicated staff in its management business as well as the remodel and flip business add up to several years of experience.
PRESS RELEASE - August 2021
Highland Avenue Capital LLC has sold the majority of its shares in Emerald Textiles
Pacific Avenue Capital Partners LLC, a Los Angeles-based private investment firm focused on complex situations in the middle market, has raised new capital to purchase Emerald Textiles, a provider of fully outsourced healthcare linen management services in the Western United States, from existing limited partner investors through a continuation vehicle. The vehicle is funded by a group of leading institutional investors including Glendower Capital, funds and accounts managed by BlackRock Private Equity Partners, DWS Private Equity, Allstate Investments, CH Investment Partners and other investors. Furthermore, the transaction includes a investment from the Emerald management team and Pacific Avenue.
The transaction includes more than $200 million of committed equity capital to support the company’s next phase of growth and to buy out certain limited partners. The transaction also includes a refinancing of the Company’s existing credit facilities with funds managed by the credit group of Ares Management Corp. providing a unitranche arrangement and Wells Fargo Capital Finance providing an ABL revolver.
PRESS RELEASE - March 2021
Highland Avenue Capital LLC has acquired the assets of three Residential and Commercial service businesses based in Arizona to form Legacy Home Services Group and Legacy Facility Services
Highland partnered with an industry veteran in both commercial and residential services specializing in HVAC, Plumbing, Electrical and building automation. With a presence in both Northen and Central Arizona, Legacy will continue to focus on a high end tailored customer experience.
PRESS RELEASE - December 2020
Highland Avenue Capital LLC launches Highland Avenue Capital Real Estate Holdings LLC
Highland Avenue Capital LLC has launched a separate real estate entity to capitalize on single family residential, multi-family residential, commercial and hospitality real estate assets in California, Hawaii, Utah and Arizona. As part of this division, Highland has partnered with a renowned designer David Rios to maximize on the Covid demand associated with travel and the lack of hotel occupancy by developing a portfolio of vacation rentals and boutique hotels in markets such as Palm Springs, Malibu and Hawaii.
PRESS RELEASE - December 2018
LOS ANGELES–(BUSINESS WIRE)–Emerald Textiles, a portfolio company of Los Angeles-based private investment firms Pacific Avenue Capital Partners, LLC (“Pacific Avenue”) and Highland Avenue Funds, LLC (“Highland”), today announces the acquisition of the assets of MediClean Linen and Laundry, a Los Angeles-based healthcare linen service provider.
The acquisition expands the footprint of the largest healthcare linen provider in California, increasing the total number of locations on the West Coast to seven.
Additionally, Emerald Textiles is excited to announce the commencement of a new “state-of-the-art” sixty-million pound facility in Livingston, California. The new Livingston facility will allow Emerald to serve its expanding customer base in Northern California along with its existing facility in Turlock. The new facility is scheduled to be complete by Q3 2019.
PRESS RELEASE - July 2018
San Diego, CA – (BUSINESS WIRE)– Encore Textile services, a portfolio company of Los Angeles based private investment firm Highland Avenue Capital Partners, LLC (“Highland Avenue”),announced today that they completed the acquisition of Emerald Textiles. The acquisition brings together the two largest independent premier players in California with a total five facilities on the West Coast. The combined entities will have the ability to better serve their large regional customers in both Northern and Southern California as a result of this acquisition.
Encore under Highland Avenue’s ownership has grown through significant new customer wins, material investments in upgrading facilities and a universal commitment to servicing the customer.
Northleaf Capital Partners and AIG provided the debt financing for this transaction. Jones Day acted as buyers counsel. Cooley LLP provided legal counsel to the Sellers. Latham & Watkins LLP, Paul, Weiss, Rifkind, Wharton & Garrison LLP provided debt counsel. Piper Jaffray & Co. served as the Buy-side advisors as well as advisor for the debt capital raise. Grant Thornton LLP and Ernst & Young LLP provided accounting advisory services.
PRESS RELEASE - June 2018
CHICAGO–(BUSINESS WIRE)–Monroe Capital LLC today announced it acted as sole capital provider on the funding of a $49.3 million credit facility and equity co-investment to support the acquisition of a specialty chemical platform (“Company”) by the private equity sponsor, Highland Avenue Capital Partners, LLC.
Founded in 2004, the Company manufactures and distributes specialty chemicals for a wide range of end markets. The Company offers various industrial, agriculture and other specialty chemicals.
PRESS RELEASE - May 2017
LOS ANGELES– Highland Avenue Capital Partners announces the acquisition of Campus Laundry East & West, a healthcare linen services & management Platform that service large regional healthcare providers in California.
PRESS RELEASE - May 2017
LOS ANGELES– Highland Avenue Capital Partners announces the acquisition of Associated Linen Management, a hospitality linen services & management Platform that service large regional healthcare providers in Nevada.