Alliance Laundry Systems, the global leader in commercial laundry equipment, closed today on purchase of the distribution assets of PWS, Inc., the largest distributor of Speed Queen equipment and replacement parts in North America. The company announced its agreement to purchase the assets just five days ago.
“The teams at Alliance Laundry Systems and PWS did a fantastic job moving swiftly to finalize this deal and we appreciate their efforts,” said Rick Pyle, President and Chief Commercial Officer of Alliance Laundry Systems.
PWS’s route business was specifically excluded from purchase agreement and will be sold separately to unaffiliated third-party buyers. In addition, PWS co-Presidents, Brad Steinberg and Brad Pollack, will remain in executive roles and continue to drive growth initiatives as part of Alliance Laundry Systems.
Since opening in 1968, PWS has become a leader in the commercial laundry business, with offices in Los Angeles, South San Francisco, and San Diego, Calif.