Thesis Capital Partners Successfully Recapitalizes Cadillac Services

Houston, TX — January 10, 2025 — Thesis Capital Partners ("Thesis"), an Independent Sponsor investing in family-owned companies across the United States, is pleased to announce the successful recapitalization of Cadillac Services ("Cadillac") in partnership with Seacoast Capital and Tamarix Capital Partners.

Cadillac is a leading provider of uniform rental and repair, laundry, and dust control services. The Company serves a diverse range of industries, including healthcare, pharmaceutical, industrial, food & beverage, and retail throughout the US tropics.

Thesis provided a combination of equity capital alongside Seacoast and Tamarix to facilitate the Company's ongoing growth strategy. This investment will enable Cadillac to strengthen its market position, expand its service offerings, and continue to uphold its high standards of service delivery.

Chris Kirsch, Operating Partner at Thesis, has joined Cadillac Services as President following the recapitalization.

"Cadillac is a remarkable business with a 100-year operating history and a loyal customer base built on decades of consistent, high-quality service," said Ian Reynolds, Founder and Managing Partner of Thesis Capital Partners. "We are proud to partner with the Cadillac team on this next chapter of growth."

About Cadillac Services

Cadillac Services is a leading uniform rental and textile services company with a century-long history of serving clients across healthcare, industrial, and commercial sectors.