CSC ServiceWorks Acquires Assets of Select Laundry

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Oct 23, 2018, 14:00 ET

PLAINVIEW, N.Y., Oct. 23, 2018 /PRNewswire/ -- CSC ServiceWorks, Inc. ("CSC"), the industry leader in commercial laundry solutions and air vending services, is pleased to announce the closing of an asset purchase agreement to acquire substantially all the assets of the Select Laundry Appliance Leasing business.

Founded in 1984 in Denver, Colorado, Select Laundry operates in over 20 markets, leasing appliances primarily to apartment residents and universities.

CSC ServiceWorks CEO Mark Hjelle said, "As CSC continues to build a Best in Class organization, we are excited to announce the acquisition of Select Laundry. This acquisition offers a highly complementary geographic footprint and additional scale for our existing in-unit laundry business. Select Laundry and CSC have been respectful competitors for a number of years and are now committed to working together to ensure a smooth transition for all customers."

As the industry leader, CSC continues to innovate its portfolio of turn-key service solutions for owners and managers in apartment communities across the United States. The acquisition of these assets will build on CSC's Appliance Warehouse business unit, the leading provider of in-unit washer/dryer leasing. The business will now manage nearly 400,000 machines to meet the growing demand by residents for this premium amenity.

About CSC ServiceWorks:

CSC ServiceWorks, with over 1.4 million machines in service, is the leading provider of commercial laundry solutions to the multi-family housing and education markets as well as the industry leader in air vending services at convenience stores and gas stations. CSC ServiceWorks has a workforce of over 3,000 dedicated professionals throughout the United States, Canada, and Europe.

For more information about CSC ServiceWorks, visit www.cscsw.com.

SOURCE CSC ServiceWorks, Inc.