The Frontenac Company has recapitalized La Tavola Fine Linen Rental. Financial terms weren’t announced. La Tavola also named Jeff Black as its CEO. Napa, California-based La Tavola Fine Linen is a boutique linen rental provider. Black was previously CEO for Classic Party Rentals.
NAPA, Calif.–(BUSINESS WIRE)–
La Tavola Fine Linen Rental, the leading provider of ultra-specialty linen in the United States, today announced that it has tapped industry veteran Jeff Black as Chief Executive Officer. The company also announced the completion of a recapitalization in support of future growth plans. Terms of the private transaction were not disclosed.
Founded in 2007 by Herb and Betsy Stone as a boutique linen rental provider, La Tavola Fine Linen Rental’s mission to dependably and creatively serve clients through key locations in California filled a niche in the marketplace for well-designed, high-end linen rentals with unparalleled service. Demand for La Tavola Fine Linen Rentals grew quickly leading them to open nine additional showrooms throughout California, Texas and Arizona.
Herb and Betsy Stone, who will continue working with the company in consulting roles with Betsy serving as Head of Design said, “We are extremely excited about the future of the company. La Tavola was started with the intention of creating and providing the most unique and high quality linens on the market and Jeff really understands our vision and place in the industry. We are now much more strongly positioned to service our clients with the distinguished style we have become so well known for.”
Black, who previously served as CEO for Classic Party Rentals and in key corporate roles at Aramark where he honed his skills in outsourced operations, uniforms and linen, and specialized customer service, was instrumental in uniting the two companies. He added, “Betsy and Herb built an incredible company with tremendous potential and I am thrilled that they will continue to be involved in product design and the overall vision of the business. The brand has an incomparable reputation in the marketplace for their high level of taste, depth of offerings and customer service. We intend to maintain the integrity of the brand and continue to work to exceed our customer’s expectations every time.”
La Tavola Fine Linen Rental completed the recapitalization with Frontenac Company. Frontenac is a private equity firm that focuses on investing in family- and owner-operated businesses. The firm works with proven industry executives to grow successful mid-sized companies.
“As a leader in its market niche, La Tavola is a profitable, budding and attractive opportunity with significant growth potential,” stated Paul Carbery, a Managing Partner at Frontenac. “With Jeff Black at the helm, we are confident the company will reach new levels of success. He is a collaborative leader who is passionate about this company, the team that makes it up, and the events industry as a whole.”
Joe Rondinelli, a Vice President at Frontenac added, “La Tavola Fine Linen Rental has an exceptional reputation in the events industry and we are excited they chose to partner with Frontenac. We look forward to working with Jeff, Betsy, Herb and the entire team to open new showrooms and introduce new, high quality linens.”
About La Tavola Fine Linen Rental
La Tavola Fine Linen Rental is one of the most respected premium linen rental companies in the United States. Known as the established standard in fine linens, La Tavola touts the widest breadth of ultra-specialty linens. Boasting eight showrooms in California including Beverly Hills, Healdsburg, Napa, Newport Beach, Sacramento, San Francisco, Santa Barbara, and Los Gatos, as well as showrooms in Scottsdale, Arizona and Dallas, Texas; La Tavola also has an on-time delivery service for clients nationwide. With unparalleled customer service La Tavola Fine Linen Rental delivers a unique style that can’t be duplicated. For more information, please visitwww.latavolalinen.com.
About Frontenac Company
Frontenac is a leading private equity firm based in Chicago. The firm focuses on investing in lower middle market buyout transactions in the food, industrial, and services industries. Frontenac works in partnership with proven operating leaders, through an executive-centric approach called CEO1ST®, to identify, acquire, and build market-leading companies through transformational acquisitions and operational excellence. The firm has built a leading franchise working with over 225 owners of mid-sized businesses – almost always families or founders – as they address complex transition issues of liquidity, management enhancement, and growth planning. For more information, please visit www.frontenac.com.
CEO1ST is a registered trademark of Frontenac Company.
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