M&A Deal Summary

Laundrylux Acquires Direct Machinery

On July 12, 2019, Laundrylux acquired machinery company Direct Machinery

Acquisition Highlights
  • This is Laundrylux’s 1st transaction in the Machinery sector.
  • This is Laundrylux’s 5th transaction in the United States.
  • This is Laundrylux’s 1st transaction in New York.

M&A Deal Summary
Date 2019-07-12
Target Direct Machinery
Sector Machinery
Buyer(s) Laundrylux
Deal Type Add-on Acquisition

Target

Direct Machinery

Hicksville, New York, United States
Direct Machinery Corp. is a provider of commercial and industrial laundry equipment. Direct Machinery Corp. was founded in 1966 and is based in Hicksville, New York.

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Buyer(S) 1

Buyer

Laundrylux

Inwood, New York, United States
Category Company
Sector Consumer Services
DESCRIPTION

Laundrylux, Inc. is the largest integrated independent distributor of professional laundry equipment in the world, with 65 years of experience in distribution, product & technology development, financing, equipment leasing, coin-op laundry development, On-Premise Laundry, and wet-cleaning. Laundrylux operates throughout North America and maintains strategic partnerships with Fortune Global 1000 OEM manufacturers, with double-digit compounding annual growth rate.

DEAL STATS #
Overall 5 of 5
Sector (Machinery) 1 of 1
Type (Add-on Acquisition) 5 of 5
State (New York) 1 of 1
Country (United States) 5 of 5
Year (2019) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-27 Texas Coin and Commercial Laundry

Dallas, Texas, United States

Texas Coin and Commercial Laundry is a full-service laundry equipment distributorship offering commercial laundry parts, service, equipment installation, laundry design, and laundry supplies. Texas Coin and Commercial Laundry was founded in 1961 and is based in Dallas, Texas.

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