RIPON, Wis. — Commercial laundry equipment manufacturer Alliance Laundry Systems reports it is acquiring the distribution assets of Chicago-based D&M Equipment Co., a business that Alliance calls “one of the top distributors of Laundromat equipment in the Midwest.”
This is Alliance’s third acquisition this year and the first of a distributor of multiple manufacturers’ products. The deal is expected to close later this month; terms were not announced.
“Our strategy has been clear from the start: we will pursue partnerships with exceptional companies,” says Rick Pyle, president and chief commercial officer of Alliance Laundry Systems. “For decades, D&M has shown market leadership, and we are excited to welcome them to Alliance.”
Founded in 1965 by Don Tomasian, D&M Equipment Co. has delivered exemplary service and support to customers in and around the Chicago area, Alliance says. The distributor has further distinguished itself with expert in-house installers and a well-stocked parts department.
D&M will represent the Speed Queen® brand. Recently, Alliance announced its acquisition of UniMac® distributor Washburn Machinery Inc. These recent additions illustrate Alliance’s commitment to expanding service and distribution offerings to customers in the greater Chicago area.
Joe Frankian, president of D&M Equipment, will join Alliance in a leadership role and will continue to oversee the business and build on the company’s record performance of the last few years.
D&M will carry on its family tradition with Joe’s son, Connor, also staying on to serve customers.
“This is an exciting new chapter in our company’s history,” Joe Frankian says. “With the power of a global leader behind us, I’m confident customers will see next-level service.”
Alliance Laundry Systems to Acquire Washburn Machinery, April 5
Alliance Laundry Systems Acquires PWS Distribution Assets, Feb. 25