BOSTON , January 10, 2005 – Goodwin Procter LLP represented Mac-Gray Corporation in connection with its acquisition of the operations of Web Service Company in thirteen states. In an all-cash transaction, Mac-Gray purchased laundry facilities management contracts and the related equipment, service fleets and other assets for approximately $110 million. Mac-Gray is a leading national laundry facilities management contractor and the largest provider of such services to college and university residence halls. The acquisition announced today is expected to generate approximately $67 million in incremental annual revenue for Mac-Gray and to be accretive in the first full quarter of operations.
The partner from Goodwin Procter who represented Mac-Gray in this matter was Robert Whalen, Jr.