Home / Knowledge / News / Textiles / Advantage Capital & Ironwood invest in New England Linen
Advantage Capital & Ironwood invest in New England Linen
Jul '11
Advantage Capital Partners, a leading venture capital and small business finance firm, in partnership with Ironwood Capital, an Avon-based investment management firm, have provided up to $7.1 million in financing to New England Linen Supply Company, a leading supplier of uniforms, linen and textile products to institutional food service facilities and better restaurants. The financing will enable the company to maintain 72 employees at its New Haven operating facility and position the company for potential growth in Connecticut.

New England Linen Supply Company, Inc. offers the rental and sale of employee uniforms, table linen, napkins and other textiles products to the foodservice industry. The company is headquartered in and operates from New Haven, as well as from an affiliated company in New Jersey, and serves customers from the Boston metropolitan area to greater Philadelphia.

Advantage Capital and Ironwood Capital made the investment in New England Linen Supply through Advantage Capital Connecticut Partners I, a fund focused on Connecticut businesses and created in connection with the Connecticut jobs statute, a bipartisan package intended to create jobs, spur innovation and strengthen the state's economy.

“We are delighted to partner with Advantage Capital and Ironwood Capital,” said Michael Vicchairelli, CEO of New England Linen Supply Company. “This financing demonstrates their commitment to invest in solid businesses located in neighborhoods that need jobs. This investment ensures that our business remains and grows in New Haven.”

“New England Linen Supply is a well-established company with experienced management and workforce. We are pleased to provide needed funding to sustain current operations and jobs and build a platform for future growth in Connecticut,” said Marc Reich , President at Ironwood Capital. “Our investment in this company would not have been possible without the Insurance Reinvestment Fund Program, which is administered by the Department of Economic and Community Development.”

“The purpose of the Insurance Reinvestment Fund Program is to stimulate economic development by providing a source of capital that supports job creation and retention, while also enhancing the investment climate in our state,” said Governor Dannel P. Malloy. “I am committed to creating jobs in Connecticut and this financing for New England Linen Supply Company is most certainly a welcome step in the right direction.”

Advantage Capital Partners

Must ReadView All

Textiles | On 26th May 2017

Lenzing unleashes new eco-friendly fibre

There's a new eco-friendly fibre on the anvil—Austrian speciality...

Apparel/Garments | On 26th May 2017

PVH Corp Q1 2017 revenue rises 4%

The first quarter revenue of fiscal 2017 at apparel marketer PVH Corp ...

Courtesy: Levi Strauss & Co

Apparel/Garments | On 26th May 2017

LS&Co. to fund water saving solutions

LS&Co. will fund to the tune of more than $350,000 the solutions...

Interviews View All

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search