Stout served as the exclusive financial advisor to The American Laundry Corp. d/b/a Star Laundry (“Star”) in connection with its investment from TRP Capital Partners.

Headquartered in Paterson, New Jersey, Star is the market-leading provider of commercial laundry services to the hotel industry in the New York City metro area. The company maintains long, tenured relationships with national and regional hotel chains, providing unparalleled operational efficiency and customer service. Yaakoub Hijazi has served as President and CEO of Star for 13 years, guiding the company to achieve exceptional growth under his leadership.

TRP is a private equity firm that invests in compelling businesses in multiple commercial and consumer segments in the transportation industry. Since 1997, the TRP team has invested over $1 billion in 30 platform investments and nearly 200 follow-on transactions. TRP leverages its deep industry knowledge, strategic relationships, commercial synergies, and the transportation expertise of its partners and affiliates to support management teams and founders in accelerating their growth trajectory. TRP’s principals have 125+ years of transportation-related investment experience.