LOS ANGELES, CA — (BUSINESS WIRE) — Emerald Textiles (“Emerald” or the “Company”), a portfolio company of Los Angeles-based private investment firm Pacific Avenue Capital Partners, LLC (“Pacific Avenue”), announced that Jeff Gennuso has joined the executive management team as Chief Financial Officer.
“We are extremely excited to have Jeff join the Emerald team. Jeff complements our strong performance-oriented culture, and we believe his impressive reputation for execution and achieving results makes him the right choice to lead our financial and accounting organization,” said Andrew (Andy) Kratky, Chief Executive Officer.
Prior to Emerald, Mr. Gennuso served most recently as a Senior Director at Riveron where he worked in several advisory roles including Angelica’s Chief Financial Officer since 2019. Mr. Gennuso has over 30 years of professional experience in executive leadership, restructuring and turnaround, financial advisory, and treasury roles within the manufacturing and healthcare industries.
“I am very excited to join the team at Emerald Textiles. The unwavering focus by the ownership group and management team to provide best-in-class service to their customers and employees is outstanding,” said Jeff. “With new facilities, continued investment in new equipment, and an excellent team with deep industry knowledge, Emerald is well positioned for success. The company’s continued focus on growth, both organically and through M&A acquisitions, will only improve the strength of Emerald. It is my pleasure to join this exceptional management team and continue scaling the organization going forward.”
About Pacific Avenue Capital Partners
Pacific Avenue Capital Partners, founded by Chris Sznewajs in 2018, is a Los Angeles- based private equity firm focused on corporate divestitures, carve-outs and other complex situations in the middle market. Pacific Avenue has extensive M&A and operations experience allowing the firm to navigate complex transactions and unlock value through operational improvement, capital investment, and accelerated growth.
The senior members of the Pacific Avenue team have closed more than 90 transactions, including over 45 corporate carve-outs, across a multitude of industries throughout their combined careers. Pacific Avenue takes a collaborative approach in partnering with strong management teams to drive strategic change and assist businesses in reaching their full potential. For more information, please visit www.pacificavenuecapital.com.
About Emerald Textiles™
Emerald Textiles is the largest commercial acute healthcare linen and laundry service provider, with service across the Western United States. Today, Emerald Textiles is the owner and operator of 12 facilities and 3 Service Centers with the unique ability to service over 350 million pounds of linen across a well invested footprint in CA, NV, AZ, and UT. For more information, please visit www.emeraldus.com.
Contact: Media Relations Info@emeraldus.com