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Banyan Capital Partners invests in MIP Inc

Private equity firm Banyan Capital Partners has acquired a majority interest in MIP Inc.

 
Banyan is partnering with the company’s chief executive David Arditi and executive vice president of operations Aviyam Friedman, both of whom will carry on in their existing roles with MIP. Co-founder David Schreiner will continue leading the company’s growth into South American markets.
 
Founded in 1978, MIP is a manufacturer and distributor of high-performance textile and related products to hospitals and long-term care facilities throughout North America, Europe, the UK and South America.
 
Jeff Wigle, managing director of Banyan Capital Partners, says: "We perceive a significant opportunity for MIP to build on its strong position in the reusable healthcare textile market throughout North America, continental Europe, the UK and South America.   We look forward to working with the MIP team to achieve these objectives."
 
Arditi says: "This is an exciting time for our employees, customers and other stakeholders.  Banyan’s investment in MIP will preserve our unique corporate culture and continue our growth as a value-added supply chain partner to laundry servicers and healthcare facilities."
 

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