Ontario Teachers'-backed CSC ServiceWorks explores sale: Reuters
CSC ServiceWorks Inc, one of the largest U.S. vendors of coin-operated laundry machines, is exploring a sale that could value the private equity-owned company in excess of US$3 billion, including debt, sources told Reuters. CSC’s owners, Pamplona Capital Management LLP and Ontario Teacher’s Pension Plan, have hired investment bank Morgan Stanley to run an auction for CSC, the sources said. Headquartered in Plainview, New York, CSC provides Coinmach laundry machines for apartment communities, co-ops, condos, military housing and public housing properties.
3 July 2018•1 min read
