Teachers-backed Alliance Laundry completes Primus Group acquisition
Alliance Laundry Holdings LLC has closed its buy of Primus Laundry Equipment Group. No financial terms were disclosed. BMO Capital Markets advised Alliance Laundry on the transaction. Alliance Laundry is an indirect subsidiary of ALH Holding, a portfolio company of the Ontario Teachers’ Pension Plan, and managed by Teachers' Private Capital. Primus Group, which is headquartered in Gullegem, Belgium, markets commercial washer-extractors, tumbler dryers, ironers and feeding and folding equipment under the Primus, Lavamac and Deli brands. Update: Teachers bought the Ripon, WI-based Alliance Laundry from U.S. private equity firms in 2005 for US$450 million.
10 March 2014•3 mins read
