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Birch Swing Capital Acquires Scrubs on Wheels
Tuesday 21 March 2023

US-based Birch Swing Capital has acquired Scrubs on Wheels, one of the largest providers of mobile uniform solutions to the long-term care and healthcare industries, the firm said.

Dennis Carrico will remain president of Scrubs on Wheels and maintain an ownership stake. The company provides medical apparel and accessories to healthcare providers in over 22 states.

Birch Swing Capital said that Scrubs on Wheels offers a stable end market in an increasingly uncertain macroenvironment, with plenty of room to grow through new product offerings, expanded geographic focus, and acquisitions in a fragmented industry.

Scrubs' management team has built the business to be resilient and has successfully navigated through the pandemic while continuing to delight customers with their unique offering.

Birch Swing plans to further invest in technology and service initiatives to improve the customer experience.

Spring Capital Partners IV, L.P. invested debt and equity along side Birch Swing and Carrico.

Nolan & Associates was financial advisor to Scrubs on Wheels on the acquisition.
Mehta and Schumacher, serial investors and operators, founded Birch Swing Capital in 2016.

They have since made investments across the consumer products, manufacturing, and business services sectors, partnering with management teams and leveraging their operational expertise and networks to build thriving businesses.
Date Published: 21/03/2023