RIPON, Wis. — Alliance Laundry Systems, a manufacturer of commercial laundry equipment based here, closed on the purchase of the distribution assets of PWS Inc., the largest distributor of Speed Queen equipment and replacement parts in North America, March 1.
The company announced its agreement to purchase the assets on Feb. 24. Terms of the deal were not disclosed.
“The teams at Alliance Laundry Systems and PWS did a fantastic job moving swiftly to finalize this deal and we appreciate their efforts,” says Rick Pyle, president and chief commercial officer of Alliance.
PWS’s route business was specifically excluded from the purchase agreement and will be sold separately to unaffiliated third-party buyers.
Also, PWS co-Presidents, Brad Steinberg and Brad Pollack, will remain in executive roles and continue to drive growth initiatives as part of Alliance Laundry Systems.
PWS has been in the commercial laundry business since 1968 with offices in Los Angeles, South San Francisco and San Diego.