Los Angeles, Dec 10 — An affiliate of Angeles Equity Partners, LLC (“Angeles”), a private investment firm that partners with niche manufacturing, critical industrial services, and specialty distribution businesses to realize their full potential, has sold Xanitos Inc. (“Xanitos”) to an affiliate of Bessemer Investors, LLC (“Bessemer”). Financial terms of the transaction were not disclosed. Xanitos provides critical healthcare environmental services, including infection prevention support, patient transport, housekeeping, and linen services, to over 100 hospitals across more than 25 states.
Angeles acquired Xanitos in 2021, partnering closely with management to accelerate its commercial strategy, expand its national footprint, optimize its cost structure, and broaden its service offering through M&A. During Angeles’ ownership, Xanitos doubled revenue and frontline headcount, while continuing to deliver industry-leading services to hospitals and their patients.
“We are incredibly proud of Xanitos’ growth and transformation during our ownership period,” said Frank Spelman, Managing Director at Angeles. “Together with management, we invested in the people, processes, and infrastructure required to build a scaled, differentiated platform that consistently delivers exceptional outcomes for its healthcare partners. Xanitos is strongly positioned for continued profitable growth in its next chapter.”
Under Angeles’ ownership, Xanitos expanded geographically, deepened its healthcare system relationships, broadened its management team, and invested meaningfully in its frontline workforce — positioning the company for rapid and sustained long-term growth.
“It has been an incredibly rewarding experience growing Xanitos with the support of Angeles,” said Dave Crothall, CEO of Xanitos. “With their support, we strengthened our leadership team, invested in our employees, and built the foundation needed to serve more hospitals at the highest level of service quality. We are deeply grateful for the partnership and energized about the opportunities ahead as we continue our journey.”
Solomon Partners and Simpson Thacher & Bartlett LLP served as financial and legal advisors, respectively, to Angeles and Xanitos in the transaction.