LOS ANGELES — Brad Steinberg and Brad Pollack, co-presidents of commercial laundry equipment and parts distributorship PWS Inc., have concluded the buyout of the corporate stock holdings of Eric Steinberg and Mort Pollack, respectively, becoming the sole shareholders/owners of PWS, the company reports.
The transaction was finalized on March 1. Brad Steinberg and Brad Pollack, who have led the company in the last decade, intend to “focus on customer support functionality with the goal of improved profitability for Laundromat owners throughout California and Nevada.”
“Over the next few years, our intent will be on focusing store owners on the importance of reducing energy consumption,” says Pollack.
“I could not think of anyone I would rather partner with in this industry than Brad Pollack,” says Steinberg. “He has 30-plus years of experience in all facets of the industry, and I continue to learn from his wealth of industry knowledge.”
PWS was founded in 1968. Its history includes a 47-year relationship with Speed Queen, the development of more than 2,500 new Laundromats, the sale of 2,000 Laundromats, and the sale of more than $250 million in Speed Queen equipment, the distributor says.
The company has offices in Los Angeles, Redwood City and San Diego, Calif., and representation in Nevada.
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