Company type | Private |
---|---|
Industry | Self-service laundry |
Predecessor | Barlow & Seelig Manufacturing McGraw-Edison's appliance division Raytheon Commercial Laundry |
Founded | 1998 |
Headquarters | Ripon, Wisconsin, United States |
Key people | Mike Schoeb - CEO |
Products |
Speed Queen UniMac Huebsch IPSO Primus |
Number of employees | 2,730 (2014) [1] |
Alliance Laundry Systems LLC is a provider of commercial laundry systems. The company designs, manufactures, and markets a line of commercial laundry equipment under various brands in over 100 countries. [2] Among the company’s products are washers, drying tumblers and ironers for the coin laundry, multi-housing laundries, institutional laundries and laundries for consumer residences. Alliance Laundry Systems manufactures products under the brands Speed Queen, [3] [4] [5] Primus, Huebsch, IPSO, and UniMac. The company was founded in 1998 and is based in Ripon, Wisconsin. [6] However, Alliance claims Speed Queen's founding date of 1908 as the beginning for the company. [7]
The company's precursor Barlow & Seelig Manufacturing was established in 1908 and later introduced a hand-operated washer to the marketplace. The Speed Queen brand was created in 1928 with the introduction of stainless steel wash tubs in 1939 [8] and automatic washers and dryers in 1952. [9] Eventually Barlow & Seelig was renamed Speed Queen Company, and was later purchased by McGraw-Edison. In 1979, McGraw-Edison sold its appliance division to Raytheon Company.
In February 1998, private equity firm Bain Capital agreed to acquire the commercial laundry business from Raytheon for $358 million. [10] [11] [12] [13] And as a result, Alliance Laundry Systems was formed.
In January 2005, Teachers' Private Capital, the private equity affiliate of the Ontario Teachers' Pension Plan acquired the majority of the equity interests of Alliance Laundry for $450 million. [14] [15] [16]
In 2009, the Alliance Laundry Systems University (ALSU) was founded as a corporate university available online to authorized Alliance Laundry Systems distributors, route operators and customers. [17]
In March 2014, the Alliance Laundry acquired Primus Laundry Equipment headquartered in Gullegem, Belgium for approx. $259.4 million. [1] [18] [19]
In April 2015, it was reported that Ontario Teachers' Pension Plan was planning to sell Alliance Laundry or issue an IPO, valuing the business at $1.8 billion. [20] [21] Later in 2015, a majority stake was sold to BDT Capital Partners. [22]
Established in the US in I908, Alliance Laundry Systems is today an alliance of brands including Speed Queen, Huebsch_ UniMac and Ajax and its products can be found in more than 100 countries. ...
The U.S. -based manufacturer of Speed Queen laundry machines, Alliance Laundry Systems LLC, has a 38 percent share of all relevant laundry equipment markets, and makes a mouthwatering 16 percent operating income margin.
... Wash Alert (marketed by Alliance Laundry Systems for Speed Queen machines) is being used at the Illinois Institute of Technology, Ohio University, and Ball State University. ...
Through its wholly owned subsidiary, Alliance Laundry Systems, the company makes commercial laundry equipment used in Iaundromats, multi-housing laundry facilities (apartments, dormitories, military bases), and on-premise laundries ...
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The Speed Queen Company (now Alliance Laundry Systems), Ripon's largest employer for much of its history, got its start in the back of a hardware store at 214 Watson Street owned by John Seelig, a former tombstone merchant, and Joe ...
Alliance Laundry Completes Raytheon Buy For $358M
Figuring that the best defense is a good offense, Raytheon is fortifying itself against US military spending cutbacks by acquiring other defense contractors ... and its commercial laundry business to Alliance Laundry Systems (1998). ...
He is now responsible for operations of the company. Alliance Laundry Systems LLC announced the acquisition of Raytheon Commercial Laundry (RCL), the commercial laundry equipment manufacturing business of Raytheon Co. Alliance is ...
Founded in 1908, Alliance Laundry was sold to private investment firm Teachers' Private Capital (private equity arm of Ontario Teachers' Pension Plan) for about $450 million in early 2005.