Angeles Equity Partners Completes Sale of Xanitos to Bessemer Investors

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LOS ANGELES--(BUSINESS WIRE)--Dec 9, 2025--

An affiliate of Angeles Equity Partners, LLC ("Angeles"), a private investment firm that partners with niche manufacturing, critical industrial services, and specialty distribution businesses to realize their full potential, has sold Xanitos Inc. (“Xanitos”) to an affiliate of Bessemer Investors, LLC (“Bessemer”). Financial terms of the transaction were not disclosed. Xanitos provides critical healthcare environmental services, including infection prevention support, patient transport, housekeeping, and linen services, to over 100 hospitals across more than 25 states.

Angeles acquired Xanitos in 2021, partnering closely with management to accelerate its commercial strategy, expand its national footprint, optimize its cost structure, and broaden its service offering through M&A. During Angeles’ ownership, Xanitos doubled revenue and frontline headcount, while continuing to deliver industry-leading services to hospitals and their patients.

“We are incredibly proud of Xanitos’ growth and transformation during our ownership period,” said Frank Spelman, Managing Director at Angeles. “Together with management, we invested in the people, processes, and infrastructure required to build a scaled, differentiated platform that consistently delivers exceptional outcomes for its healthcare partners. Xanitos is strongly positioned for continued profitable growth in its next chapter.”

Under Angeles’ ownership, Xanitos expanded geographically, deepened its healthcare system relationships, broadened its management team, and invested meaningfully in its frontline workforce — positioning the company for rapid and sustained long-term growth.

“It has been an incredibly rewarding experience growing Xanitos with the support of Angeles,” said Dave Crothall, CEO of Xanitos. “With their support, we strengthened our leadership team, invested in our employees, and built the foundation needed to serve more hospitals at the highest level of service quality. We are deeply grateful for the partnership and energized about the opportunities ahead as we continue our journey.”

Solomon Partners and Simpson Thacher & Bartlett LLP served as financial and legal advisors, respectively, to Angeles and Xanitos in the transaction.

About Angeles Equity Partners, LLC

Angeles Equity Partners, LLC is a Los Angeles-based specialist private investment firm that partners with niche manufacturing, critical industrial services, and specialty distribution businesses to realize their full potential. Angeles’ expertise in operational transformation and strategic repositioning drives the firm’s investment philosophy. Learn more online at www.angelesequity.com.

About Xanitos Inc.

Headquartered in Newtown Square, PA, Xanitos is a specialized provider of environmental services, patient transport, patient observation, and linen services nationwide to hospitals and other ambulatory care settings. Xanitos is differentiated by its XRO ® System, which removes dirt, dust, and pathogens from the hospital, creating a cleaner and safer environment. As a quality- and service-oriented company, Xanitos continues to apply the same principles of retaining and growing its team to retaining and growing its hospital partnerships. Xanitos’ passion is helping to save lives and partnering with client hospitals to deliver the best possible environment of care for patients, visitors, and healthcare teams. For further information, please visit www.xanitos.com.

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KEYWORD: CALIFORNIA PENNSYLVANIA UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: HARDWARE OTHER PROFESSIONAL SERVICES GREEN TECHNOLOGY OTHER HEALTH TECHNOLOGY FINANCE GENERAL HEALTH PROFESSIONAL SERVICES ENVIRONMENT HOSPITALS ASSET MANAGEMENT VENTURE CAPITAL TRANSPORT OTHER TECHNOLOGY LOGISTICS/SUPPLY CHAIN MANAGEMENT HEALTH

SOURCE: Xanitos Inc.

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PUB: 12/09/2025 07:00 AM/DISC: 12/09/2025 07:01 AM

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