Neha Patil (Editor)

Alliance Laundry Systems

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Number of employees
  
2,730

Type of business
  
Private

Revenue
  
726.3 million USD (2014)

Founded
  
1908

Net income
  
29.6 million USD (2014)

Alliance Laundry Systems httpsamericancoinopcomsitesdefaultfilessty

Key people
  
Mike Schoeb - President and CEO

Products
  
Speed QueenCissellHuebschIPSOUniMac

Website
  
www.alliancelaundry.com

Subsidiaries
  
Alliance International BVBA

Alliance laundry systems expanding to brazil


Alliance Laundry Systems LLC is a provider of commercial laundry systems. The company designs, manufactures, and markets a line of commercial laundry equipment under various brands in over 100 countries. Among the company’s products are washers, drying tumblers and ironers for the coin laundry, multi-housing laundries, institutional laundries and laundries for consumer residences. Alliance Laundry Systems manufactures products under the brands Speed Queen, Cissell, Huebsch, IPSO, and UniMac. The company was founded in 1908 and is based in Ripon, Wisconsin.

Contents

Alliance laundry systems exhibits a growing opportunity


History

The company began in the early 20th century with the introduction of a hand-operated washer to the marketplace. The Speed Queen brand with the introduction of stainless steel wash tubs in 1938 and automatic washers and dryers in 1952.

Alliance was acquired by Raytheon Corporation in 1979. In February 1998, private equity firm Bain Capital agreed to acquire the commercial laundry business from Raytheon for $358 million.

In January 2005, Teachers' Private Capital, the private equity affiliate of the Ontario Teachers' Pension Plan acquired the majority of the equity interests of Alliance Laundry for $450 million.

In 2009, the Alliance Laundry Systems University (ALSU) was founded as a corporate university available online to authorized Alliance Laundry Systems distributors, route operators and customers.

In March 2014, the Alliance Laundry acquired Primus Laundry Equipment headquartered in Gullegem, Belgium for approx. $259.4 million.

In April 2015, it was reported that Ontario Teachers' Pension Plan is planning to sell or IPO Alliance Laundry, valuing the business at $2 billion. Later in 2015, a majority stake was sold to BDT Capital Partners.

References

Alliance Laundry Systems Wikipedia


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