When investors put $20M into salvaging an entrenched institutional laundry provider in a top 10 market that battled quality issues, regulatory violations and skyrocketing costs, V2E took only seven months to lead them from identifying a target lease to being fully operational in a 50k sq.ft. plant serving the top three hospital systems serving over 100 facilities. Within the first year of turnaround, the company had more than a 60% market share and by 18 months, the investment was fully recovered and expansion plans were underway. The facility has received numerous awards that recognize the emerging sustainable technologies and has exceptionally low utility costs.
