Alliance Laundry Systems, the global leader in commercial laundry equipment, is acquiring the distribution assets of PWS, Inc., the largest distributor of Speed Queen equipment and replacement parts in North America. The deal is expected to close in March.
PWS opened in 1968 and has since become a leader in the commercial laundry business, with offices in Los Angeles, South San Francisco, and San Diego, Calif.
“Alliance and PWS have a strong working relationship that spans over 50 years and we are delighted to have them join the Alliance team” said Rick Pyle, President and Chief Commercial Officer of Alliance Laundry Systems.
“We believe strongly in the California market and are excited about the opportunities for us and for all of our current distribution partners,” Pyle added.
PWS’s route business is specifically excluded from purchase agreement and will be sold separately to unaffiliated third-party buyers. 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.
“We are ecstatic to join the Alliance family and foresee a future filled with a significantly enhanced experience for PWS’s 100,000-plus customers,” Steinberg said. “This transaction allows us to invest heavily in technology, inventory and service personnel, with the goal of becoming an even stronger full-service commercial laundry distributor,” Pollack said.