This marks Alliance’s third acquisition of 2021 and the first purchase of a distributor of multiple manufacturers’ products. The deal is expected to close later this month.
“Our strategy has been clear from the start: we will pursue partnerships with exceptional companies,” said Rick Pyle, president and chief commercial officer of Alliance Laundry Systems. “For decades, D&M has shown market leadership, and we are excited to welcome them to Alliance.”
Founded in 1965 by Don Tomasian, D&M will represent the Speed Queen brand. In addition, D&M President Joe Frankian will join Alliance in a leadership role and continue to oversee the business as part of Alliance Laundry Systems. D&M also will carry on its family tradition with Joe’s son, Connor, staying on to serve customers.
“This is an exciting new chapter in our company’s history,” Frankian noted. “With the power of a global leader behind us, I’m confident customers will see next-level service.”