RIPON, Wis. — Alliance Laundry Systems, a manufacturer of commercial laundry equipment, reports it is acquiring the distribution assets of Washburn Machinery Inc. and is expected to close on the purchase later this year.
Terms of the pending deal were not disclosed.
Based in Elk Grove Village, Illinois, Washburn Machinery, which opened in 1948, provides on-premises laundry solutions to a variety of businesses in Northern and Central Illinois, Northern Indiana, and East-Central and Southern Wisconsin markets.
The acquisition is Alliance’s latest move in a strategy to bring exceptional service and factory support to expanding markets where there is an opportunity to partner with exceptional people, the company says.
“Alliance and Washburn coming together will accelerate our opportunities in this exciting market by leveraging the strengths of Washburn’s sales and service teams with the backing of Alliance,” says Rick Pyle, president and chief commercial officer of Alliance Laundry Systems.
Jeff Fox, president of Washburn Machinery, will join Alliance in a leadership role. He will continue to oversee the business and drive growth initiatives as part of Alliance Laundry Systems.
“I believe this is a great opportunity for my dedicated team to grow and be a part of an exciting future,” says Fox. “I look forward to introducing new and current customers to an even higher level of service.”
Alliance Closes on Purchase of California-based PWS Inc., March 8, 2021