Laundrylux, headquartered in Inwood, N.Y., has acquired the assets of California-based Golden State Laundry Systems.
“We are thrilled to partner with Mike and 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 Laundrylux CEO John Sabino.
“We have had a long, successful relationship with Laundrylux, and to participate financially in Laundrylux’s acquisitions and consolidation of professional laundry distribution is a once-in-a-lifetime opportunity,” Mike Hurrell stated.
“We have numerous acquisitions in development, and every transaction includes management continuing to run their business, with access to all of our resources and capabilities,” explained Neal Milch, executive chairman of Laundrylux. “As financial partners, acquired distributors will participate in Laundrylux’s nationwide growth and future liquidity options. We become one unified enterprise.”
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, vended laundry development, on-premises laundry, and wetcleaning. The company currently serves the United States, Canadian and Mexican markets.
