News

WASH Multifamily Laundry Systems Opens ‘Think Tank’ for IT Team

EL SEGUNDO, Calif. — WASH Multifamily Laundry Systems, provider of laundry facilities management services for multi-housing locations, has recently opened the WASH Technology Center in Rancho Dominguez, Calif., a facility the company says will serve as a “think tank” for its information technology (IT) team.

NMHC: Apartment Market Conditions Soften Slightly

WASHINGTON — Apartment market conditions weakened a bit in January compared with three months earlier, with three indexes below the breakeven level of 50, according to the National Multifamily Housing Council’s (NMHC) January 2014 Quarterly Survey of Apartment Market Conditions.

The Market Tightness Index fell to 41 from 46, with 56% of respondents reporting unchanged conditions, while 31% say conditions are “looser” than three months ago, according to the NMHC. The index last indicated overall improving conditions in July 2013.

Alliance Laundry to Acquire Primus Laundry Equipment Group

RIPON, Wis. — Alliance Laundry Holdings LLC, the parent company of Alliance Laundry Systems, has signed an agreement to acquire Primus Laundry Equipment Group. Terms of the pending transaction were not disclosed.

Primus Laundry Equipment Group is headquartered in Gullegem, Belgium, with production facilities in Pribor, Czech Republic, and Guangzhou, China; and sales offices in France (Lyon), the United Arab Emirates (Dubai), Spain (Barcelona) and Hong Kong.

SBA Launches 2014 Emerging Leaders Initiative

WASHINGTON — The U.S. Small Business Administration (SBA) has launched its 2014 Emerging Leaders (formerly e200) executive-level intensive entrepreneurship training initiative for small-business owners in 27 cities across the country, SBA reports.

In its seventh consecutive year, the program has trained more than 2,000 small-business owners in underserved communities, SBA says, and continues to expand its impact helping small businesses grow and create jobs. Participating cities added to the initiative this year include Washington, D.C.; Miami; Wichita, Kan.; and Newark, N.J.

Speed Queen Unveils New Website with Investor Focus

RIPON, Wis. — Speed Queen has launched a new website for potential investors interested in the self-service laundry industry, www.investinlaundromats.com, to showcase Laundromats as “an under-recognized, yet viable and smart business investment,” the company reports.

“The interactive website is designed to educate people looking for a good investment about the profitability potential of Laundromats compared to other investments, and the benefits of partnering with Speed Queen to open one,” the company says.

CLA Sets Stage for Second Excellence in Laundry Conference

OAKBROOK TERRACE, Ill. — The Coin Laundry Association (CLA) will host its second biennial Excellence in Laundry Conference May 14-15 at the Ocean Reef Club in Key Largo, Fla., the association reports.

Launched in 2012, the Excellence in Laundry Conference features educational sessions, networking opportunities and exhibits, with the goal of helping self-service laundry owners improve and grow their business.

SAMCO Hires Nolan as COO, Adds Yongue to Staff

FAYETTEVILLE, Ga. — Southern Automatic Machinery Co. (SAMCO) has hired Brett Nolan as its chief operating officer, the company reports. He is responsible for day-to-day operations, with a focus on updating and modernizing systems and procedures.

Nolan previously worked for SAMCO as a service technician and sales representative, according to the company. He returns to the commercial laundry equipment distributor’s staff after a year working as the regional manager for a small chain of Laundromats in Savannah, Ga.

Distributor Raises More Than $40,000 for Intrepid Fallen Heroes Fund

NEW YORK — Coin laundry equipment distributor Western State Design (WSD) has completed a six-month fundraising campaign for the Intrepid Fallen Heroes Fund (IFHF), recently donating $40,700 to the organization, the company reports.

IFHF, an organization supporting the men and women of the U.S. Armed Forces and their families, is building a series of nine treatment facilities at military installations around the country for wounded service personnel diagnosed with traumatic brain injury and post-traumatic stress as a result of their service, according to WSD.

Pages

Subscribe to RSS - News