INWOOD, N.Y. — Laundrylux reports that it has acquired Dallas-based Texas Coin and Commercial Laundry, led by Mike and Kellie Blumberg. While Laundrylux acquired the company’s distribution business assets, its route segment is not included in the purchase agreement. Other terms of the deal were not announced.
“Our partnership with Texas Coin and Commercial Laundry solidifies our position in the key Texas market,” says John Sabino, CEO of Laundrylux. “Mike and Kellie have built a powerful business and respected brand that we can expand upon purposefully.”
“I am proud to partner with Laundrylux,” says Mike Blumberg. “They recognize the importance of local relationships and customer support and are committed to investing and growing. At the same time, providing us the freedom to manage our business. I have seen the dedication, resources, and support this company has provided to acquisitions and we want to be part of the winning team.
“Laundrylux and the Milch family are committed to sustainable success and so are we. Together, we look forward to providing our current and future customers with a greater level of service.”
Laundrylux considers itself the largest integrated importer and distributor of professional laundry equipment in the world, serving the USA, Canada and Mexico. Distribution partners leverage Laundrylux’s financial strength, strategic brand relationships, innovative product development, and customer financing. Meanwhile, Electrolux Professional supports the collective efforts of Laundrylux and its distribution partners with advanced products and technologies.
Texas Coin and Commercial Laundry becomes the fourth distributor acquired by Laundrylux this year. The acquisition of Automated Laundry Systems was announced in March, and the acquisitions of CESCO NW and Golden State Laundry Systems were announced in January.
Laundrylux Acquires Automated Laundry Systems, March 20, 2019
Laundrylux Acquires Another Distributor, January 21, 2019
Laundrylux Acquires Golden State Laundry Systems, January 14, 2019