Advantage X

Advantage Capital is a venture capital firm founded in 1992 and based in New Orleans, Louisiana, with additional offices across the United States. The firm specializes in growth equity, lending, and mezzanine debt capital investments, primarily targeting small businesses at various stages of development, from early to later stages, excluding seed investments. Advantage Capital focuses on investing in low-income communities, both urban and rural, and supports state and local economic development initiatives. It seeks opportunities in sectors such as communication, information technology, telecommunications, business services, manufacturing, pharmaceuticals, biotechnology, life sciences, and energy, while also considering investments in rural agricultural businesses. The firm typically makes initial investments ranging from $0.5 million to $10 million in companies with sales of less than $5 million, with potential for larger investments based on milestones. Advantage Capital also provides various forms of debt capital and prefers co-investing with other firms. The firm is committed to addressing the financing needs of underserved areas and fostering economic growth in communities lacking traditional sources of risk capital.

Al Alvarez

Director

Brian Anderson

Managing Director

Anthony Billings

Senior Vice President and Investment Team Member

Bitting, Thomas H.P.

Managing Director

Adam Constantinides

Senior Vice President

Anaëlle Croteau

Vice President

Trey Garland

Senior Associate

Christopher C. Harris

Principal

Joseph Henderson

Senior Vice President

Leah Hendricks

Vice President

Reid Hutchins

Managing Director

Peter Lu

Senior Associate

David McNaught

Vice President

Arjun Mohan

Vice President

Sandra M. Moore

Managing Director / Chief Impact Officer

Scott Murphy

Managing Director and Chief Investment Officer

Justin N. Obletz

CFO and Managing Director

Tim Perusek

Principal and Investment Group Member

Keith Pettus

Principal

Damon L. Rawie

Managing Director

Josh Rogers

Principal

Gabe Rosen

Vice President

Talmadge Singer

Managing Director

Steven T. Stull

President

Matthew Switzer

Vice President

Tony Toups

Principal

Alexandra Twyman

Vice President

Benjamin T. Warning

Vice President

J.P. Lynch

Vice President

Past deals in Laundry and Dry Cleaning

Westport Linen Services

Debt Financing in 2021
Westport Linen Services, LLC is a healthcare laundry service provider based in Baton Rouge, Louisiana. Established in 1999, the company specializes in offering rental linen services to a range of healthcare facilities, including hospitals, clinics, surgical centers, nursing homes, and physician practices. Its product offerings include physicians' coats, scrub apparel, patient gowns, bed sheets, bath towels, and lab coats, along with custom embroidery and logo creation services. Westport Linen Services aims to support healthcare organizations by providing high-quality linen and garments while helping them reduce costs associated with equipment, maintenance, and staffing. By partnering with various healthcare entities, the company enhances patient satisfaction and contributes to a professional image for its clients.

Lyon

Debt Financing in 2021
Lyon LLC is a business supplies and equipment firm located in Illinois. The company specializes in manufacturing lockers, industrial storage solutions, and workplace products designed for various sectors, including military, law enforcement, education, and healthcare. Lyon offers a range of products that includes modular drawers, welded storage cabinets, metal lockers, and associated accessories, as well as carts and chairs. The company's focus is on providing affordable storage solutions that meet the diverse needs of its customers.

Westport Linen Services

Debt Financing in 2020
Westport Linen Services, LLC is a healthcare laundry service provider based in Baton Rouge, Louisiana. Established in 1999, the company specializes in offering rental linen services to a range of healthcare facilities, including hospitals, clinics, surgical centers, nursing homes, and physician practices. Its product offerings include physicians' coats, scrub apparel, patient gowns, bed sheets, bath towels, and lab coats, along with custom embroidery and logo creation services. Westport Linen Services aims to support healthcare organizations by providing high-quality linen and garments while helping them reduce costs associated with equipment, maintenance, and staffing. By partnering with various healthcare entities, the company enhances patient satisfaction and contributes to a professional image for its clients.

Long's Product

Debt Financing in 2017
Long's Product is a paper and janitorial supply company that manufactures Pelican brand chemicals. The company's Pelican Brand chemicals are comprised of floor wax, floor stripper, degreasers, carpet shampoo, auto detailing chemicals, all types of air fresheners, and toilet ring remover. In 1950, Julian E. Long started Long’s Preferred Products in Alexandria, Louisiana.

Strong Suit

Convertible Note in 2015
Strong Suit is a manufacturer based in Little Rock, Arkansas, specializing in finely tailored clothing aimed at empowering men to discover their unique style. Founded in 2014, the company offers a variety of apparel, including tailored suits, shirts, and sport coats, specifically designed to cater to millennial customers. Strong Suit focuses on providing quality garments at reasonable prices, making stylish and well-fitted clothing accessible to a broader audience.

Herculaneum Clean

Debt Financing in 2015
Herculaneum Clean is a limited-liability company based in Missouri.

Strong Suit

Venture Round in 2015
Strong Suit is a manufacturer based in Little Rock, Arkansas, specializing in finely tailored clothing aimed at empowering men to discover their unique style. Founded in 2014, the company offers a variety of apparel, including tailored suits, shirts, and sport coats, specifically designed to cater to millennial customers. Strong Suit focuses on providing quality garments at reasonable prices, making stylish and well-fitted clothing accessible to a broader audience.

Strong Suit

Series A in 2015
Strong Suit is a manufacturer based in Little Rock, Arkansas, specializing in finely tailored clothing aimed at empowering men to discover their unique style. Founded in 2014, the company offers a variety of apparel, including tailored suits, shirts, and sport coats, specifically designed to cater to millennial customers. Strong Suit focuses on providing quality garments at reasonable prices, making stylish and well-fitted clothing accessible to a broader audience.

Superior Linen

Debt Financing in 2014
Superior Linen, LLC operates as a commercial laundry and linen rental company in Las Vegas. It provides uniform laundry, hotel linen, linen rental and terry, double delivery, household items laundry, and leather and suede cleaning services. The company also offers LinenMaster, a web-based hotel linen service management program that allows clients to view hotel linen service invoices and shipping manifests in real-time over the Internet. Superior Linen, LLC was founded in 2009 and is headquartered in North Las Vegas, Nevada. On August 21, 2017, the voluntary petition of Superior Linen, LLC for reorganization under Chapter 11 was converted to Chapter 7. It had filed for Chapter 11 bankruptcy on September 30, 2016.

Long's Product

Debt Financing in 2014
Long's Product is a paper and janitorial supply company that manufactures Pelican brand chemicals. The company's Pelican Brand chemicals are comprised of floor wax, floor stripper, degreasers, carpet shampoo, auto detailing chemicals, all types of air fresheners, and toilet ring remover. In 1950, Julian E. Long started Long’s Preferred Products in Alexandria, Louisiana.

New England Linen Supply

Debt Financing in 2013
New England Linen Supply Co., Inc. is a linen and uniform rental service provider based in Pawtucket, Rhode Island. Established in 1886, the company specializes in offering a wide range of products, including table linens, napkins, uniforms, aprons, towels, and various healthcare garments such as scrubs and lab coats. Its clientele spans multiple industries, serving culinary markets like fine dining restaurants and assisted living communities, as well as food processing facilities, healthcare establishments, massage therapy centers, and hair salons. The company is dedicated to meeting the diverse linen and uniform needs of its customers across these sectors.

City Carting & Recycling

Debt Financing in 2013
City Carting & Recycling is a waste management company based in Stamford, Connecticut, that offers comprehensive residential and commercial garbage collection and recycling services in Fairfield County, Connecticut, and Westchester County, New York. Established in 1976, the company serves over 11,000 customers, providing curbside trash pickup, refuse and recycling collection, and dumpster rentals. City Carting also specializes in demolition services and offers compactor services for waste and recyclables. The company operates volume reduction and recycling facilities in Stamford, Milford, Norwalk, and Somers, which are accessible to the general public, municipalities, and other haulers. Additionally, City Carting is experienced in providing services compliant with Leadership in Energy and Environmental Design (LEED) standards, catering to a growing clientele. The firm is a subsidiary of Tunnel Hill Partners, L.P.

City Carting & Recycling

Venture Round in 2012
City Carting & Recycling is a waste management company based in Stamford, Connecticut, that offers comprehensive residential and commercial garbage collection and recycling services in Fairfield County, Connecticut, and Westchester County, New York. Established in 1976, the company serves over 11,000 customers, providing curbside trash pickup, refuse and recycling collection, and dumpster rentals. City Carting also specializes in demolition services and offers compactor services for waste and recyclables. The company operates volume reduction and recycling facilities in Stamford, Milford, Norwalk, and Somers, which are accessible to the general public, municipalities, and other haulers. Additionally, City Carting is experienced in providing services compliant with Leadership in Energy and Environmental Design (LEED) standards, catering to a growing clientele. The firm is a subsidiary of Tunnel Hill Partners, L.P.

City Carting & Recycling

Series A in 2012
City Carting & Recycling is a waste management company based in Stamford, Connecticut, that offers comprehensive residential and commercial garbage collection and recycling services in Fairfield County, Connecticut, and Westchester County, New York. Established in 1976, the company serves over 11,000 customers, providing curbside trash pickup, refuse and recycling collection, and dumpster rentals. City Carting also specializes in demolition services and offers compactor services for waste and recyclables. The company operates volume reduction and recycling facilities in Stamford, Milford, Norwalk, and Somers, which are accessible to the general public, municipalities, and other haulers. Additionally, City Carting is experienced in providing services compliant with Leadership in Energy and Environmental Design (LEED) standards, catering to a growing clientele. The firm is a subsidiary of Tunnel Hill Partners, L.P.

City Carting & Recycling

Debt Financing in 2012
City Carting & Recycling is a waste management company based in Stamford, Connecticut, that offers comprehensive residential and commercial garbage collection and recycling services in Fairfield County, Connecticut, and Westchester County, New York. Established in 1976, the company serves over 11,000 customers, providing curbside trash pickup, refuse and recycling collection, and dumpster rentals. City Carting also specializes in demolition services and offers compactor services for waste and recyclables. The company operates volume reduction and recycling facilities in Stamford, Milford, Norwalk, and Somers, which are accessible to the general public, municipalities, and other haulers. Additionally, City Carting is experienced in providing services compliant with Leadership in Energy and Environmental Design (LEED) standards, catering to a growing clientele. The firm is a subsidiary of Tunnel Hill Partners, L.P.

Apparel Unlimited

Debt Financing in 2012
Apparel Unlimited offers customized shirt printing and embroidery. The company is based in Georgetown, Illinois.

LiQuifix

Venture Round in 2011
LiquiFix Inc. specializes in manufacturing and supplying lubricants, biodegradable degreasers, and cleaners suitable for both household and industrial applications. The company's diverse product range is designed for use in various settings, including kitchens, garages, vehicles, and recreational equipment, catering to a wide array of customers such as households, schools, and manufacturing facilities. LiquiFix emphasizes the use of green chemistry in its formulations, resulting in non-toxic, high-performance products that prioritize safety for users, pets, and the environment. The company markets its offerings through retail stores and online platforms, serving both domestic and international markets. Established in 2010, LiquiFix is headquartered in Stamford, Connecticut.

New England Linen Supply

Debt Financing in 2011
New England Linen Supply Co., Inc. is a linen and uniform rental service provider based in Pawtucket, Rhode Island. Established in 1886, the company specializes in offering a wide range of products, including table linens, napkins, uniforms, aprons, towels, and various healthcare garments such as scrubs and lab coats. Its clientele spans multiple industries, serving culinary markets like fine dining restaurants and assisted living communities, as well as food processing facilities, healthcare establishments, massage therapy centers, and hair salons. The company is dedicated to meeting the diverse linen and uniform needs of its customers across these sectors.

Supreme Cleaning

Debt Financing in 2010
Supreme Cleaning Inc, founded in 2007 by Charles E. Lewis, is based in Montgomery, Alabama, and specializes in facility maintenance and management services. The company offers a range of services that include janitorial services, construction cleanup, lawn maintenance, landscaping, pressure washing, window cleaning, and disaster restoration. Supreme Cleaning distinguishes itself by using environmentally friendly cleaning products, ensuring safety for both clients and the environment. The company serves both commercial and residential sectors, catering to a diverse clientele with its comprehensive service offerings.

Natural Cleaners Colorado

Debt Financing in 2009
Natural Cleaners Colorado LLC provides dry and wet cleaning services. It offers cleaning services by using CO2 and GreenEarth cleaning technologies. The company was founded in 2005 and is based in Avon, Colorado.

Natural Cleaners Colorado

Series A in 2008
Natural Cleaners Colorado LLC provides dry and wet cleaning services. It offers cleaning services by using CO2 and GreenEarth cleaning technologies. The company was founded in 2005 and is based in Avon, Colorado.

Soft Sight

Venture Round in 2008
Soft Sight, Inc., operating as ThreadSmith, specializes in self-service customized embroidered apparel for both business and consumer markets. Founded in 1998 and based in Endicott, New York, the company offers a range of products including sweatshirts, gym shorts, sport shirts, T-shirts, denim shirts, baby blankets, bibs, burp cloths, stadium blankets, aprons, canvas tote bags, zipper pockets, hats, and stockings. Its proprietary technology allows users to upload their designs online, automatically generating embroidered patterns for their chosen products. ThreadSmith caters to business owners, sports leagues, schools, and individual consumers, providing a convenient platform for creating personalized apparel. The company was acquired by Vistaprint in December 2009.
Clean Rite Equipment and Environmental offers products, services, and solutions in many different areas of cleaning. It provides dealer-exclusive sales, warranty service, repairs, and rentals of cleaning and construction equipment. It has been in the industrial cleaning equipment business since 1997 and was founded by Raymond Boudreaux.
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