WASH Multifamily Laundry Systems Acquires Universal Laundries
WASH Multifamily Laundry Systems, a portfolio company of Chicago-based CHS CapitalTM, completed the acquisition of Universal Laundries, a Chicago-based route laundry company serving multi-family residences, colleges and institutions.
“WASH’s acquisition of Universal Laundries represents another important step in our expansion efforts,” said Adam Coffey, WASH’s President and CEO. “Universal Laundries’ solid presence in the Chicagoland area increases our market density in the Midwest region.”
Rich Lobo, Partner at CHS Capital, said, “This is the ninth acquisition we have completed during our ownership and further supports our acquisition strategy. Our Midwest presence has grown in recent years following other acquisitions, including Great Lakes Commercial Laundry based in Wisconsin and Automatic Apartment Laundries, Inc. of Michigan.”
Based in El Segundo, California, WASH is a leading provider of laundry facilities management services for apartment properties, condos, college and university residence halls, military bases and other multi-housing locations. Founded in 1947, WASH services 60,000 locations throughout the U.S. and Canada. For additional information, please visit
www.washlaundry.com.
CHS Capital is a Chicago-based private equity firm with 24 years of experience investing in the middle market. Through partnerships with strong management teams, CHS Capital accelerates earnings growth and drives value creation through human capital enhancements, performance improvement actions and strategic growth initiatives. Throughout its history, CHS Capital has made investments in over 390 businesses and invested $2.9 billion of capital. For additional information, please visit
www.chsonline.com.
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