Teachers-backed Alliance Laundry completes $400 mln finance facility
Alliance Laundry Holdings LLC, a portfolio company of Teachers' Private Capital, has completed a new US$400 million asset-backed finance facility. President and CEO Mike Schoeb said the facility will allow the company to build on its existing North American market share and expand its operations in Europe. Based in Ripon, Wisconsin, Alliance Laundry is a designer, manufacturer and marketer of commercial laundry equipment. Teachers, the private investment arm of the Ontario Teachers' Pension Plan, bought it for US$450 million in 2005.
30 June 2015•3 mins read
