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Laundrylux Acquires the Assets of California Firm

January 14, 2019, 07:00 AM
Filed Under: Mergers & Acquisitions

Laundrylux, based in New York, announced its acquisition of the assets of Golden State Laundry Systems, California.

Laundrylux is the largest integrated independent distributor of professional laundry equipment in the world, with 65 years of experience in distribution, product and technology development, financing, equipment leasing, coin-op laundry development, On Premise Laundry and wet-cleaning. Laundrylux operates throughout North America.

"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," said John Sabino, Laundrylux CEO.

"We have had a long, successful relationship with Laundrylux," Mike Hurrell said, "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, noted, "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."

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