Alliance Laundry Systems
| Alliance Laundry Systems LLC
|
|
|---|---|
 |
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| legal form | Corporation |
| founding | 1908 |
| Seat | Ripon, Wisconsin, USA |
| management | Mike Schoeb ( CEO ) |
| Number of employees | 2730 |
| Branch | Laundry systems |
| Website | www.alliancelaundry.com/ |
| Status: 2014 | |
Alliance Laundry Systems LLC is a provider of commercial laundry systems. The company develops, manufactures and sells a range of commercial laundry machines under various brands in over 100 countries. The company's products include washing machines, dryers and ironers for coin laundry, multi-family laundries, institutional laundries and laundries for private homes. Alliance Laundry Systems produces products under the brands Speed Queen, Cissell, Huebsch, IPSO and UniMac. The company was founded in 1908 and is based in Ripon, Wisconsin.
history
The company began launching a handheld washing machine in the early 20th century. The Speed Queen brand with the introduction of stainless steel sinks in 1938 and automatic washers and dryers in 1952.
Alliance was acquired by Raytheon Corporation in 1979. In February 1998, agreed that private equity -Gesellschaft Bain Capital to acquire the commercial laundry business of Raytheon for 358 million US dollars .
In January 2005, Teachers 'Private Capital, the private equity subsidiary of the Ontario Teachers' Pension Plan, acquired a majority interest in Alliance Laundry for $ 450 million.
In 2009 the Alliance Laundry Systems University (ALSU) was founded as a corporate university, available online to authorized dealers, laundry operators and customers.
In March 2014, Alliance Laundry Systems acquired the Belgian company Primus Laundry Equipment for approximately 259.4 million US dollars.
In April 2015, it was reported that the Ontario Teachers' Pension Plan was planning to sell Alliance Laundry Systems or go public and valued the company at $ 1.8 billion. In the course of 2015 a majority stake in BDT Capital Partners was sold.
Individual evidence
- ↑ a b Alliance Laundry Systems 2014 Annual Report
- ↑ Asian Hotel & Catering Times , Volume 30 2005, p. 53–: “Established in the US in I908, Alliance Laundry Systems is today an alliance of brands including Speed Queen, Huebsch_ UniMac and Ajax and its products can be found in more than 100 countries. ... "
- ↑ Tax Notes International , Volume 30. Tax Analysts, 2003, p. 9–: “The US-based manufacturer of Speed Queen laundry machines, Alliance Laundry Systems LLC, has a 38 percent share of all relevant laundry equipment markets, and makes a mouthwatering 16 percent operating income margin. "
- ↑ Teaming for Efficiency: Energy and environmental policy . American Council for an Energy-Efficient Economy, 2002, pp. 9-311.
- ^ Efraim Turban: Electronic commerce 2006: a managerial perspective . Pearson Prentice Hall, 2006, ISBN 978-0-13-185461-1 : "... Wash Alert (marketed by Alliance Laundry Systems for Speed Queen machines) is being used at the Illinois Institute of Technology, Ohio University, and Ball State University. ... "
- ^ Hoover's Business Press: Hoover's Handbook of Private Companies . Hoover's Business Press, 2010, p. 35–: “Through its wholly owned subsidiary, Alliance Laundry Systems, the company makes commercial laundry equipment used in Iaundromats, multi-housing laundry facilities (apartments, dormitories, military bases), and on-premise laundries ... "
- ↑ David Sakrison, Harry Heileman: A portrait of Ripon: historic photographs of Ripon, Wisconsin . Ripon Main Street, Inc., 2000, p. 113–: "The Speed Queen Company (now Alliance Laundry Systems), Ripon's largest employer for much of its history, got its start in the back of a hardware store owned at 214 Watson Street by John Seelig, a former tombstone merchant, and Joe ... "
- ↑ Raytheon in $ 358 million Deal to Sell Laundry Business . New York Times, February 24, 1998.
- ↑ Hotel Business , Volume 7. ICD Publications, 1998, p 35- "Alliance Laundry Completes Raytheon Buy For $ 358m"
- ^ Gary Hoover: Hoover's Handbook of American Business . Reference Press, Incorporated, 1999, p. 1188–: “Figuring that the best defense is a good offense, Raytheon is fortifying itself against US military spending cutbacks by acquiring other defense contractors… and its commercial laundry business to Alliance Laundry Systems (1998) . ... "
- ^ Executive Housekeeping Today , Vol. 18-19. National Executive Housekeepers Association, 1998, p. 37 f .: "He is now responsible for operations of the company. Alliance Laundry Systems LLC announced the acquisition of Raytheon Commercial Laundry (RCL), the commercial laundry equipment manufacturing business of Raytheon Co. Alliance is ... "
- ↑ Hoover's: Hoover's Master List of Major US Companies, A-Z . Hoover's Incorporated, October 1, 2005, ISBN 978-1-57311-107-2 : "Founded in 1908, Alliance Laundry was sold to private investment firm Teachers 'Private Capital (private equity arm of Ontario Teachers' Pension Plan) for about $ 450 million in early 2005 "
- ^ Ontario Teachers' to purchase Alliance Laundry Systems LLC . BusinessWire December 8, 2004.
- ↑ Amy Or: Ontario Teachers' Pension Plan to Buy 30% Stake in CSC ServiceWorks - WSJ . In: WSJ . October 21, 2014.
- ^ Alliance Laundry Systems University page at Alliance Laundry website
- ↑ Giving laundries greater flexibility with control . In: laundryandcleaningnews.com .
- ↑ Express.live: Zakelijke, economische, technologische & politieke actualiteit (Dutch).
- ^ Ontario Teachers' Said to Plan Sale or IPO of Alliance Laundry . BloombergBusiness, April 6, 2015.
- ↑ Scott Deveau and Leslie Picker, Bloomberg News: Ontario Teachers' Pension Plan Said to seek sale or IPO of $ 2 trillion company Alliance Laundry . In: Financial Post . April 6, 2015.
- ↑ BDT Capital Partners, LLC Agrees to Acquire a Majority Stake in Alliance Laundry Systems from Ontario Teachers'