WASH Multifamily Laundry Systems Acquires Chicago-Based Universal Laundries
EL SEGUNDO, Calif., Aug. 12, 2013 /PRNewswire/ -- WASH Multifamily Laundry Systems, a leading laundry facilities management service for multi-housing locations in North America, announced today its acquisition of Universal Laundries, the Chicago-based route laundry company. This acquisition increases WASH's considerable presence within the Midwest region and is part of the company's nationwide expansion strategy.
"WASH's acquisition of Universal Laundries represents another important step in our expansion efforts," says Adam Coffey, WASH's president and CEO. "Universal Laundries' solid presence in the Chicagoland area increases our market density in the Midwest region, which has grown in recent years following other acquisitions, including Great Lakes Commercial Laundry based in Wisconsin and Automatic Apartment Laundries, Inc. of Michigan."
Founded in 1946 by Paul Ilg, Universal Laundries has supplied the Chicagoland area with high-quality laundry equipment and maintenance for two generations. The firm has become known for its prompt laundry equipment servicing and preventative maintenance scheduling. Universal's current managing partner and the founder's son, Robert Ilg, will remain involved in the operations of the business.
"WASH is a good fit because they share Universal's core values of outstanding customer service and superior equipment," commented Universal Laundries' Robert Ilg. "I am confident that Universal Laundries' customers will continue to receive the same high-quality laundry services they have come to expect along with some additional benefits and technologies that WASH brings to the table."
Coffey continues, "Chicago is the third largest metropolitan market in the United States, so acquiring Universal Laundries was a great opportunity for WASH to add considerable density and increased market share."
About WASH
WASH is a leader in technology-advanced, eco-friendly laundry room operations. Its "best-in-class" facilities management services can be found at apartment properties, condos, college and university residence halls, military bases and other multi-housing locations. More than 4.5 million people do their weekly laundry at a WASH facility. WASH is a privately held company founded in 1947 and based in El Segundo, California and operating in 10 US states and all Canadian provinces. Through its subsidiary Coinamatic Canada, WASH also has a commercial laundry distributorship and ParkSmart, a division that manages parking facilities. For more information, please visit www.washlaundry.com or call 800-421-6897, ext. 1600.
Contact:
Cathy Jackson
WASH Multifamily Laundry Systems
(310) 297-9437
[email protected]
SOURCE WASH Multifamily Laundry Systems
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