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Laundrylux Announces Acquisition

Press Release from Wascomat Laundry Equipment, distributed by Laundrylux

INWOOD, N.Y., Jan. 11, 2019 /PRNewswire/ -- Laundrylux announces acquisition of the assets of Golden State Laundry Systems, California.

"We are thrilled to partner with Mike & Laura Hurrell and the Golden State team in San Diego, Los Angeles, and the Bay Area to serve the California market and accelerate growth," states John Sabino, Laundrylux's CEO.

"We have had a long, successful relationship with Laundrylux," Mike Hurrell comments, "and to participate financially in Laundrylux's acquisitions and consolidation of professional laundry distribution is a once in a lifetime opportunity."

Neal Milch, Executive Chairman of Laundrylux, notes, "We have numerous acquisitions in development and every transaction includes management continuing to run their business, with access to all our resources and capabilities. As financial partners, acquired distributors will participate in Laundrylux's nationwide growth and future liquidity options. We become one unified enterprise."

Laundrylux is the largest integrated independent distributor of professional laundry equipment in the world, with 65 years of experience in distribution, product & technology development, financing, equipment leasing, coin-op laundry development, On Premise Laundry, and wet-cleaning. Laundrylux operates throughout North America and maintains strategic partnerships with Fortune Global 1000 OEM manufacturers, with double-digit compounding annual growth rate.

Contact:
John Sabino
Laundrylux
Office: (516) 371-4400 x179
jsabino@laundrylux.com

Cision View original content:http://www.prnewswire.com/news-releases/laundrylux-announces-acquisition-300776855.html

SOURCE Laundrylux

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