Teachers-backed Alliance Laundry to buy Primus Laundry Equipment
Alliance Laundry Holdings LLC has agreed to purchase Primus Laundry Equipment Group, a Belgian marketer of commercial washer-extractors, tumbler dryers, ironers and feeding and folding equipment. The financial terms of the deal were not disclosed. Alliance Laundry Holdings is the parent of Alliance Laundry Systems, a Ripon, WI-based manufacturer of commercial laundry equipment used in laundromats, multi-housing laundries and on-premise laundries. It is also a portfolio company of Teachers Private Capital, which bought Alliance Laundry from U.S. private equity firms in 2005 for US$450 million. The acquisition of Primus Laundry Equipment is expected to close before the end of March.
13 February 2014•3 mins read
