Alliance Laundry Systems to Acquire Commercial & Coin Laundry Equipment Company
(February, 2019) Alliance Laundry Systems of Ripon, Wisconsin has reached an agreement to purchase Commercial & Coin Laundry Equipment Co. The deal is expected to be finalized for closing in early March.
Headquartered in Gulf Breeze, Florida, CLEC recently expanded into the Texas market and is one of the largest commercial laundry equipment distributors in the Southeast region, according to Alliance.
“We are delighted to partner with a best-in-class operator, whose energy, passion and leadership are natural complements to Alliance Laundry Systems,” said Mike Schoeb, CEO of Alliance Laundry Systems. “Furthermore, the laundry industry is undergoing a period of change and having a more direct presence makes sense in today’s market.”
CLEC has been serving the needs of commercial laundry customers since 1982. The company’s coverage area includes the Florida panhandle; the Mississippi Gulf Coast; and parts of Alabama, Georgia and Louisiana. In February 2018, the company purchased Texas Laundry Service Co., adding the greater Houston area to its territory. It was CLEC’s third acquisition in eight years.
“This sale truly is a win-win for not just both entities, but most importantly, for customers in the areas CLEC serves,” said Craig Dakauskas, president of CLEC. “Our team prides itself on a high level of service, and the ability to use the resources of a larger company like Alliance will ensure our capability remains unmatched.”