Alliance Laundry Systems to Acquire PWS Distribution Assets
RIPON, Wis. — Commercial laundry equipment manufacturer Alliance Laundry Systems will acquire the distribution assets of PWS Inc., the largest North American distributor of Alliance’s Speed Queen brand equipment and parts, in a deal expected to close in March, the company says.
Terms were not announced.
PWS opened in 1968 and has since become a leader in the commercial laundry business, Alliance says, with California offices in Los Angeles, South San Francisco and San Diego.
“Alliance and PWS have a strong working relationship that spans over 50 years and we are delighted to have them join the Alliance team,” says Rick Pyle, president and chief commercial officer of Alliance Laundry Systems.
“We believe strongly in the California market and are excited about the opportunities for us and for all of our current distribution partners,” Pyle adds.
The pending purchase agreement specifically excludes PWS’s route business, which Alliance says will be sold separately to unaffiliated third-party buyers.
Brad Steinberg and Brad Pollack, PWS co-presidents, will remain in executive roles and continue to drive growth initiatives as part of Alliance Laundry Systems.
“We are ecstatic to join the Alliance family and foresee a future filled with a significantly enhanced experience for PWS’s 100,000-plus customers,” Steinberg says.
“This transaction allows us to invest heavily in technology, inventory and service personnel, with the goal of becoming an even stronger full-service commercial laundry distributor,” Pollack adds.
RELATED STORIES AND PODCASTS: