LOS ANGELES — Brad Steinberg and Brad Pollack, co-presidents of PWS – The Laundry Company (PWS Inc.), have concluded a buyout of the corporate stock holdings of Eric Steinberg and Mort Pollack and are now the sole shareholders/owners of the commercial laundry equipment and parts distributorship.
The transaction was finalized on March 1. Brad Steinberg and Brad Pollack have led the company for the better part of the last decade.
Pollack says, “The industry is as healthy as it has been in years, and I believe PWS is primed to continue to offer best-in-class products, service and assistance to Laundromat owners. Over the next few years, our intent will be on focusing store owners on the importance of reducing energy consumption.”
Steinberg says, “I could not think of anyone I would rather partner with in this industry than Brad Pollack. He has 30-plus years of experience in all facets of the industry, and I continue to learn from his wealth of industry knowledge.”
PWS’ history includes a 47-year relationship with Speed Queen and the sale of more than $250 million in Speed Queen equipment.
PWS claims that, under Steinberg and Pollack, it has become the largest distributor of commercial laundry replacement parts in the United States through its website.
Have a question or comment? E-mail our editor Matt Poe at [email protected].