CVC invests in Unitex Textile Services

CVC Capital Partners has entered into a definitive strategic partnership to acquire a significant equity stake in Unitex Textile Services LLC. Announced in September 2026, this transaction represents the first outside equity investment in the company's history, with capital deployed through CVC's long-duration Strategic Opportunities platform, StratOps III. Under the terms of the agreement, the founding Potack family (including Chairman Michael Potack, Chief Executive Officer Robert Potack, and President David Potack) retains a significant ownership stake and will continue to direct executive leadership alongside the broader management team. At the time of the transaction, the operating business generated an annual adjusted EBITDA of $50–100M. The strategic rationale articulated by the incoming financial sponsor focuses on partnering with the incumbent leadership to support long-term development through sustained capital allocation toward operational improvements, commercial programs, digital infrastructure, greenfield facility expansion, and targeted add-on acquisitions. The transaction process followed strategic review discussions initiated earlier in the spring, for which the textile management provider had initially engaged JPMorgan Chase & Co. to assess equity options. Transaction advisory mandates were distributed across dedicated financial and legal advisors: CVC received financial advice from Stephens Inc. and Citizens Financial Group Inc., with White & Case LLP acting as buy-side legal counsel under the direction of deal partner Matthew Turner. The target company was advised legally by McDermott Will & Schulte LLP through a team comprising Frank P. Steinherr, Scott Regan, and Ana A. Hubert, while internal execution was directed by Robert Potack and David Potack. Legal counsel for the financing syndicate was managed by a Latham & Watkins LLP team including Jesse K. Sheff, Erika L. Weinberg, Preeta Paragash, and Katherine J. Page.