Laundrylux is strategically growing its business with top acquisitions to expand its services and solutions within the United States, Canada, and Mexico. In the first seven months of 2019, Laundrylux has announced five new commercial laundry equipment distributor acquisitions.
For each acquisition, management will continue to run their business, now with access to the resources and capabilities that only a company like Laundrylux can provide. New acquisitions will participate in Laundrylux’s nationwide growth and future liquidity options, forming one unified enterprise.
Working Across Commercial Laundry Brands
Neal Milch, Executive Chairman of Laundrylux, invites forward-thinking commercial laundry equipment distributors who represent all brands to contact Laundrylux about joining the team. By joining the Laundrylux family, distribution partners can leverage:
- Strategic brand relationships
- A broad product portfolio and innovative product development
- Industry-leading customer financing
- Deep industry knowledge and decades of experience
Laundrylux’s latest acquisition of Direct Machinery Corporation means a new strategic direction for the company because it will now distribute equipment from world-renowned manufacturers outside of the Laundrylux umbrella of brands.
Read what representatives from each distributor had to say about the acquisition:
“I’ve known Neal Milch’s family and Laundrylux for decades; we are all committed to long-term sustainable growth and share confidence in the industry’s future. Direct Machinery’s broad customer base of commercial laundries and large hospitality and healthcare on-premise laundries will be the foundation of our expansion. Our partnership with Laundrylux provides continuity assurance to our customers.”
– Ron Hirsch, CEO of Direct Machinery Corporation
“I am proud to partner with Laundrylux. 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 a part of the winning team.”
– Mike Blumberg of Texas Coin and Commercial Laundry
“We have enjoyed an excellent relationship with Laundrylux, and we understand the dynamics driving industry consolidation. To best serve our valued customers, we believe that partnering with Laundrylux’s strong product and technology development, and entrepreneurial management, is the right choice.”
– Don Packard of Automated Laundry Systems
“CESCO goes back decades with Wascomat and Electrolux professional laundry, so this makes perfect sense. I welcome the opportunity to become an investor in Laundrylux’s consolidation of multi-brand professional laundry distribution nationwide. The future is here, and I’m excited to be a part of it!”
– Rich Boyd of CESCO NW
“We have had a long, successful relationship with Laundrylux, and to participate financially in Laundrylux’s acquisitions and consolidation of professional laundry distribution is a once in a lifetime opportunity.”
– Mike Hurrell of Golden State Laundry Systems
How You Can Join The Laundrylux Family
Commercial laundry equipment distributors that are interested in joining the growing Laundrylux family, regardless of brands represented, can contact a Laundrylux representative to discuss growth opportunities.
Laundrylux is the largest integrated independent distributor of professional laundry equipment in the world, with 65 years experience in distribution, product & technology development, financing, equipment leasing, coin-op laundry development, on-premise laundry, and wet-cleaning. Laundrylux currently serves the United States, Canadian, and Mexican markets.
Laundrylux is closely monitoring all updates provided by the CDC and other public health agencies following the recent coronavirus outbreak. The safety and well-being of our employees, customers, and the community at large is our top priority in these critical times. Many major cities, counties, and states across the country have declared laundromats an “essential service” to ensure that communities have access to laundry facilities.Discover the current situation in your area.