H.I.G. Capital Completes Acquisition of France Workwear for Strategic Expansion

H.I.G. Capital Finalizes Acquisition of France Workwear

On October 1, 2025, H.I.G. Capital, a global alternative investment firm with $70 billion in capital under management, announced the successful acquisition of France Workwear from Rentokil Initial. The transaction marks a significant step for H.I.G. as it endeavors to strengthen its portfolio and enhance its focus on sustainable textile services.

Overview of France Workwear

Located in France, France Workwear is a renowned provider of full-cycle textile services, particularly noted for its expertise in the design, leasing, and laundering of workwear, flat linen, and hygiene solutions. The company is committed to delivering high-quality service and sustainable practices across its operations. With 34 sites and a robust national logistics network, France Workwear caters to over 21,000 customers across various sectors, relying on long-term subscription contracts that ensure a high customer retention rate.

Fabrice Shoshany, CEO of France Workwear, expressed optimism for the future, stating, "We are proud to join the H.I.G. family and are grateful for the trust H.I.G. has placed in our strategy and vision. This partnership marks the beginning of a new chapter for France Workwear, where we will enhance our leadership in textile rental services, focus on innovation and sustainability, and continue to provide exceptional value to our customers, partners, and employees across France and beyond."

Strategic Importance of the Acquisition

Tobias Borkowski, General Partner at H.I.G., highlighted the critical role France Workwear plays in the French textile services market. He stated, "France Workwear has long been recognized as a key player, providing essential services to a diverse range of industries. Its solid subscription model, strong market position, and clear growth strategy make it well-positioned for success as an independent platform while accelerating its expansion across Europe."

This acquisition also allows H.I.G. to leverage its substantial experience in business development and executing carve-outs. Markus Noe-Nordberg, another executive at H.I.G., emphasized, "We are excited to invest in France Workwear, a company at the forefront of textile rental services with an outstanding history of quality and innovation. H.I.G.'s expertise will support France Workwear's transition to independent operation and facilitate its next growth phase."

Future Outlook

With the new chapter set to begin in early 2026, France Workwear will operate under a new name while upholding its commitment to quality and sustainability. The company's extensive capabilities will help various industries operate safely, effectively, and responsibly.

Conclusion

H.I.G. Capital's acquisition of France Workwear symbolizes a strategic move to bolster its operations in the textile service industry, capitalizing on innovative practices and sustainability. As the textile sector continues to evolve, the collaboration between H.I.G. Capital and France Workwear is expected to drive substantial growth and long-term benefits for stakeholders involved.

For further details about H.I.G. Capital and its acquisition strategy, please visit their official website at hig.com.