USA
Laundrylux has announced the acquisition of the assets of Golden State Laundry Systems, California.
Golden State Laundry Systems has been supplying coin and commercial laundry equipment to customers in across California for over 60 years.
“We are thrilled to partner with Mike and Laura Hurrell and the Golden State team in San Diego, Los Angeles, and the Bay Area to serve the California market and accelerate growth,” said John Sabino, Laundrylux CEO.
“We have had a long, successful relationship with Laundrylux,” said Mike Hurrell “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, added: “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 has 65 years of experience in distribution, product and technology development, financing, equipment leasing, coin-op laundry development, on premise laundry and wetcleaning.
