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WAGG’S MAKES ACQUISITION
Universal Unilink Member Wagg’s LTD., established in Ontario, Canada in 1902, has acquired HomeFresh Mat Rental and Linen Supply. The move is part of an aggressive stance on growth taken by President Billy Wagg, the fifth generation of the family to run the business. “Our business has changed slightly from our main focus of hotels and hospital linen in the 90’s. We see our business now as more mats and mop rental, linen supplyyand uniform service. Our wide range of products and services benefits our customers by providing them with all of their other needs, such as washroom products and restaurant chemicals,” said Wagg. The addition of HomeFresh, which also provides products like floor mats and mop rental, linenservices and washroom supplies, is a natural expansion of what Wagg’s LTD., already offers. Located in Brampton, HomeFresh will operate servicing the Greater Toronto and Mississauga areas. “We are already providing these products and services, but we took the leap to add more routes and continue our growth,” said Wagg. Wagg approached HomeFresh Services in early 2015 about doing business together and as discussions went on, a deal was struck for Wagg’s LTD. to acquire and take over servicing their existing areas. Now with more than 22 employees, Wagg said the head office will remain at the company’s current Orillia location. With more than 80 years in Orillia and over a century in operation, Wagg’s LTD’s keys to success are excellent quality and service. “I’d have to attribute it to great employees and the service they provide, out on the road delivering and servicing, in the plant production and in the office,” says Wagg. “We’ve kept it manageable, but we’re aggressively searching for growth.”
MEDI-CLEAN EXPERIENCES CONTINUED GROWTH TREND
Joe Mastin, Vice President of Medi-Clean Healthcare Laundry Service in Aston, PA, reports that the company is continuing on its trend of building its business by acquiring small companies. “The owners we have worked with have elected to get out of the business for a wide variety of reasons,” Mastin said. “For that reason, we’ve also been able to structure our deals with them in a variety of ways. In some cases, these have been cash payments; in others, commission. “The main thing I would tell someone considering acquisition activity is not to minimize these smaller players who have a little bit of business and have various reasons for wanting to get out,” Mastin concludes. “We started off with 1,400 square feet, and now we have 48,000. It’s been a great tool for us.”
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