PLAINVIEW, N.Y. — Coinmach, a supplier of outsourced laundry services, has acquired SDI Laundry Solutions, a laundry room design and management company. SDI President Ron Garfunkel will remain in his position, as will his leadership team and service personnel, and SDI will continue to operate from its Yonkers, N.Y., headquarters.
Terms of the acquisition were not announced.
“I am excited by this acquisition, as SDI is a highly respected company in our industry, with great leadership, smart technology, and a stellar reputation in the New York metropolitan area,” says Robert M. Doyle, Coinmach's CEO. “This is especially true in the supportive and affordable housing sectors.”
“This is a great development for SDI and for its valued customers,” Garfunkel says. “Joining Coinmach will enable us to benefit from the resources of a nationwide organization, as we continue to deliver the high-touch personal service SDI is known for.”
Within the New York area, Coinmach brings substantial regional coverage and resources to the relationship. SDI deploys non-coin payment systems, operating an almost purely coinless business in an industry still dominated by coin-fed laundry machines.
Coinmach will benefit from access to SDI’s proven technology and established reputation, Doyle says, while SDI benefits from Coinmach’s customer depth and geographic reach.