Laundrylux, headquartered in Inwood, N.Y., has acquired the assets of CESCO Equipment, based in SeaTac, Wash.
“Laundrylux is delighted to partner with Rich Boyd, whom we have worked with for many years, to turbo-charge the Pacific Northwest market and accelerate growth in the western USA,” stated Laundrylux CEO John Sabino.
“CESCO goes back decades with Wascomat and Electrolux professional laundry, so this makes perfect sense,” Boyd noted. “I welcome the opportunity to become an investor in Laundrylux’s consolidation of multi-brand professional laundry distribution nationwide. The future is here, and I’m excited to be part of it!”
“We have announced two acquisitions with many more in development, and every transaction includes experienced management continuing to run their businesses,” explained Laundrylux Executive Chairman Neal Milch. “With access to Laundrylux’s many resources and capabilities, we are confident even greater success is assured. Rich will participate in Laundrylux’s nationwide growth and future liquidity options, and we invite interested, forward-thinking distributors – regardless of brands represented – to contact us to discuss joining the Laundrylux team.”
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.
