Acquisition represents the company’s fourth of 2021
Alliance Laundry Systems, the global leader in commercial laundry equipment, closed today on its purchase of the laundry division assets of Gulf States Machinery Co. Based in Houston and with an Atlanta office added in 1987, Gulf States has been a leader in the laundromat industry for more than 30 years.
The acquisition is Alliance’s fourth of 2021 and a continuation of its strategy to partner with companies possessing exceptional leadership in markets with high growth potential. Gulf State’s dry-cleaning business is not included in the sale.
“I am confident that the combination of Gulf States leadership backed by a wide range of Alliance Laundry Systems resources will deliver mutually beneficial results for customers and our company,” said Rick Pyle, President and Chief Commercial Officer of Alliance Laundry Systems.
That confidence has been bolstered by the strong performance of Alliance’s direct distribution partners, which demonstrates the effectiveness of the company’s strategy of selecting great companies in growing markets.
“We are excited to begin this next chapter of our family business and leverage the resources of Alliance Laundry Systems to better serve our customers,” said Pravin Parmar, co-owner of Gulf States