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Cascadia Capital is pleased to announce it acted as the exclusive financial advisor to Cy’s Linen (“Cy’s”), a portfolio company of Talus Group Holdings, in securing a new debt facility led by Principal Alternative Credit (“Principal”). This financing solution will be used to refinance Cy’s existing facility and provide additional capital to further expand and strengthen its platform into the broader Southeast region. This funding marks a new phase of growth and expansion for Cy’s as it continues to enhance its premier laundry and linen service offering.
Founded in 1945, Cy’s Linen has grown into a leading commercial linen and laundry services platform in South Florida. The Company serves ~700+ customers across the food & beverage, hospitality, and spa end markets, delivering high-quality premium laundry and linens 365 days a year. Since Talus’ investment in 2022, the Company has successfully completed and integrated four acquisitions, solidifying its position as an industry leader in the region. Cy’s Linen will use this financing to further enhance its offerings to meet the increasing demand in the Southeast.
Cy’s Linen has secured a financing structure aligned with its acquisition-driven strategy, providing the capital and flexibility needed to pursue strategic growth opportunities, scale operations, and further solidify its leadership position in the market
“Cascadia Capital played a critical role in guiding us through this financing process, ensuring we had access to the right capital partners to support our expansion strategy,” said Luis Aguilar, CEO at Cy’s Holdings. “We are grateful for their partnership and look forward to executing on our organic and inorganic growth initiatives with this new capital in place.”
“Through a disciplined and competitive process, we attracted strong lender interest and delivered a financing solution that provides Cy’s Linen with the flexibility to continue executing on its growth strategy,” said Tom Mills, Head of Capital Markets at Cascadia Capital. “It was great to work alongside the Talus team again and support Cy’s Linen as the company continues its strong momentum.”
Related Transactions
This acquisition represents another successful transaction for Cascadia’s Capital Markets Group. Recent transactions include:
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has been recapitalized by
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