K-Bro Linen, Inc.

K-Bro Linen, Inc.

K-Bro Linen, Inc.

Overview
Date Founded

1954

Headquarters

137 Avenue NW,Suite 14903,Edmonton, AB T5V 1R9

Type of Company

Public

Employees (Worldwide)

2,000

Industries

Other Business & Consulting Services
Holding Companies

Company Description

K-Bro was founded in 1954 as Stork Diaper Service, the company later diversified to provide laundry and linen services to other industries such as healthcare and hospitality. To better reflect the company’s evolving role, the name was changed to K-Bro Linen Systems Inc. in 1984. Today, K-Bro is the largest provider of laundry and linen services in Canada meeting the needs of healthcare, hospitality and other commercial sectors. With large processing facilities in Quebec City, Montreal, Toronto, Edmonton, Calgary, Vancouver and Victoria. Including our head office in Edmonton, we employ over 1600 people. K-Bro provides an extensive menu of services that go beyond basic laundry services. These include reusable OR pack services (KOR Services), resident personal clothing programs, specialty linen purchasing, various textile testing and extensive customer site-based services, including floor-to-floor distribution and linen room management. We have resisted the temptation to diversify into other activities, choosing instead to develop the finest laundry and linen service programs available. As a result, we are the leaders in the industry and are proud of our distinct reputation

Contact Data
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Executives & Employees

President, Chief Executive Officer & Head of Investor Relations

Interim Chief Financial Officer

Vice President & Chief Financial Officer

Senior Vice President & Chief Operating Officer

Board of Directors

Former Senior Partner at KPMG LLP (Canada)

Dean Emeritus at University of Alberta - Alberta School of Business

President, Chief Executive Officer & Head of Investor Relations at K-Bro Linen, Inc.

President at Staples Canada, Inc.

Managing Director at LLM Capital Partners LLC

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Owners & Shareholders
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Van Berkom & Associates specializes in managing portfolios of Canadian, US and Asia small-cap equities. Their research process emphasizes on fundamental bottom-up analysis to identify high quality and undervalued companies. The firm looks for companies with strong management with a significant ownership position, several years of consistent growth in revenues and earnings, strong ROIC and free cash flow, competitive advantage, a clearly defined strategy for long-term growth and conservative accounting methods. No more than 15% of the portfolio is invested in businesses that are highly correlated with each other (from the same sub-sector).

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Laurus Investment Counsel, Inc. is a private company headquartered in Toronto, ON, Canada, that provides investment advice. The firm was founded in 2014 by Linda Marie Lebrun and Christopher William Page. Christopher William Page has been the CEO since then.The company says this about itself: Founded in 2014, Laurus Investment Counsel is a leading Canadian independent asset management firm, providing portfolio management expertise in high-quality, wealth-creating public equities globally. With over CAD $700 million assets under management, the Firm delivers distinctive investment management capabilities in small and mid-cap equity investments with a focus on providing long term sustainable growth to discerning fiduciaries in the institutional and foundation markets in Canada.

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Cypress emphasizes fundamentals such as quality management, cash flow growth, balance sheet strength and valuation in the market place (as it pertains to the oil and gas sector, production profile, reserve additions, reserve quality, finding development costs) as critical variables influencing their investment decisions.

Recent Transactions
Details Hidden

K-Bro Linen, Inc. issued CAD Common Shares - Bought Deal

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K-Bro Linen, Inc. purchases Fishers Topco Ltd. from Caird Capital

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K-Bro Linen, Inc. issued CAD Common Shares - Bought Deal

Transaction Advisors
Investment Advisor

Advised onK-Bro Linen, Inc. purchases Fishers Topco Ltd. from Caird Capital

Underwriter

Advised onK-Bro Linen, Inc. issued CAD Common Shares - Bought Deal

Underwriter

Advised onK-Bro Linen, Inc. issued CAD Common Shares - Bought Deal

Associate

Advised onK-Bro Linen, Inc. purchases Fishers Topco Ltd. from Caird Capital

Clients

Hilton Worldwide Holdings, Inc. engages in the provision of hospitality businesses. It operates through the following segments: Ownership and Management & Franchise. The Ownership segment includes owned, leased, and joint venture hotels. The Management & Franchise segment manages hotels and timeshare properties, and license its brands to franchisees. The company was founded by Conrad Hilton on March 18, 2010 and is headquartered in McLean, VA.

Marriott International, Inc. engages in the operation and franchise of hotel, residential, and timeshare properties. It operates through the following business segments: U.S. & Canada; Asia Pacific; and Europe, Middle East and Africa (“EMEA”). The company was founded by J. Wiliard Marriot and Alice Sheets Marriott in 1927 and is headquartered in Bethesda, MD.

Aramark engages in the provision of food, facilities, and uniform services. It operates through the following segments: Food and Support Services United States (FSS United States); Food and Support Services International (FSS International); and Uniform. The FSS United States segment offers food, hospitality and facility services for school districts, colleges and universities, healthcare facilities, businesses, sports, entertainment and recreational venues, conference and convention centers, national and state parks, and correctional institutions. The FSS International segment covers food, refreshment, specialized dietary and support services, including facility maintenance and housekeeping, provided to business, educational and healthcare institutions and in sports, leisure, and other facilities serving the general public. The Uniform segment comprises of rental, sale, cleaning, maintenance, and delivery of personalized uniforms and other textile items on a contract basis, and direct marketing of personalized uniforms, and accessories to clients. The company was founded in 1959 and is headquartered in Philadelphia, PA.

Key Stats and Financials As of 2020
Market Capitalization
$391M
Total Enterprise Value
$384M
Earnings Per Share
$0.28
EBITDAMargin
22.26%
Enterprise Value / Sales
2.54x
Enterprise Value EBITDAOperating
11.39x
TEVNet Income
131.8x
Debt TEV
0.17x
Three Year Compounded Annual Growth Rate Of Revenue
4.85%
Revenue
$152M
Net Profit
$2.92M
EBITDA
$33.7M
Total Equity
$146M
Total Debt
$66.8M
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