1Concier: Welcoming a New CFO to Drive Financial Success and Business Growth

1Concier, a leading provider of high-quality linen products in the Hospitality, Healthcare, and Commercial Laundry markets, is pleased to announce the appointment of John R. Shumate as their new Chief Financial Officer (CFO). With an impressive background in financial management and extensive experience with global Fortune 500 branded consumer products businesses, John brings valuable expertise to the 1Concier team.

John's appointment as CFO comes at an important time for 1Concier, following their successful merger of Riegel Linen, T-Y Group, and Harbor Linen. As the company's mission is to be the top linen solution provider in their industry, having a CFO with a strong financial track record is crucial to their continued growth and success.

Tony Smith, CEO at 1Concier, expressed his excitement about John joining the team, stating, "With over 25 years of experience driving financial success and fostering business growth, John is a valuable addition to 1Concier. His expertise in acquisition integration, ERP implementations, and building high-performance teams will play a vital role in our continued success."

Before joining 1Concier, John served as the CFO at Twin-Star International, a leading provider of indoor and outdoor home furnishings products. Throughout his career, he held senior financial leadership positions at esteemed companies such as Valley Forge Fabrics, BPI Sports, Elster Solutions, and VF Corporation. John's diverse background in various industries adds depth to his financial capabilities, making him a well-rounded CFO for 1Concier.

In his new role, John will be responsible for developing and executing the company's financial strategy. He will oversee Finance, Accounting, Treasury, Tax, Financial Planning and Analysis, and Information Technology, ensuring that 1Concier remains on a path of growth and profitability.

"I am honored to take on this role and lead the financial direction of 1Concier," said Shumate. "My commitment is to drive the company's growth and ensure its position as a leading player in the linen solutions market."

1Concier, owned by Lion Equity Partners, has a rich history dating back to 1838. Throughout the years, the company has built an exceptional reputation for providing top-quality linen, terry, patient apparel, incontinence care, pool towels, robes, slippers, bedding, and table linen to hotels, resorts, casinos, managed care facilities, and commercial laundries.

Lion Equity Partners, headquartered in Denver, CO, is an operations-focused private equity firm specializing in corporate divestitures and special situations. Their investment strategy revolves around creating value in portfolio companies through operational improvements, organic growth, and strategic add-on acquisitions. With their expertise and support, Lion Equity Partners aims to build businesses that generate long-term value for all stakeholders.

In conclusion, 1Concier's appointment of John R. Shumate as CFO marks an important step towards achieving their mission of becoming the industry-leading linen solution provider. With John's financial expertise and track record of success, 1Concier is well-positioned to continue its growth and deliver exceptional services to the Hospitality, Healthcare, and Commercial Laundry markets.

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