ByNext, a tech-enabled clothing and premise care company, has acquired Laundry Angels, a tech-enabled laundry and drycleaning pickup-and-delivery services company based in New Jersey.
The move is part of the ByNext strategy to expand its omni-services and omni-channel business both organically and through roll-ups, according to the company. Laundry Angels’ acquisition further reinforces the company’s direction toward establishing itself as a global leader in the tech-enabled home services space.
“Laundry Angels has had a great reputation in providing exceptional clothing care services to its customers throughout New Jersey,” said Kam Saifi, chief executive officer for ByNext. “The acquisition of Laundry Angels is very synergistic for ByNext. It will enable us to rapidly penetrate the New Jersey market with our exclusively eco-friendly clothing care, as well as launching our residential cleaning service in the same market. We are also able to further improve our unit economics, presently the highest in the tech-enabled laundry and drycleaning space
“We are also delighted to announce that Conrad McLean, the founder and CEO of Laundry Angels, will join the management team at ByNext to lead and accelerate the expansion of ByNext services to other markets. Conrad has had a successful track record, both as an entrepreneur and holding technology executive positions at many large financial institutions. My team and I are excited to work with him.”
ByNext plans to cross-sell its residential cleaning services to the Laundry Angels customer base.
“After spending more than two decades in corporate America, devoting many years working at the world’s largest insurance company, I saw a trend in the growing demand for laundry services and the lack of efficiencies in the marketplace. In 2019, I started Laundry Angels with the clear goal to deliver an exceptional and scalable laundry service,” McLean explained. “Everything changed when the ByNext team approached us. Witnessing their impressive capabilities, it quickly became evident that a merger would significantly benefit both ByNext and Laundry Angels’ existing and expanding customer base. Through this merger, we will be able to fulfill long-awaited service requests and introduce innovative solutions to the market.”
