M&A Deal Summary

WASH Acquires Angel Coin Service

On November 2, 2016, WASH acquired consumer services company Angel Coin Service from Angel Appliances

Acquisition Highlights
  • This is WASH’s 8th transaction in the Consumer Services sector.
  • This is WASH’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2016-11-02
Target Angel Coin Service
Sector Consumer Services
Buyer(s) WASH
Sellers(s) Angel Appliances
Deal Type Divestiture

Target

Angel Coin Service

United Kingdom
Angel Coin Service is a provider of route laundry services.

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Buyer(S) 1

Buyer

WASH

Torrance, California, United States

Category Company
Founded 1947
Sector Consumer Services
DESCRIPTION

WASH is a provider of route-based laundry services to multifamily apartments and universities. The Company operates an infrastructure network across 34 branches, with approximately 635,000 installed machines and 82,000 customer locations. WASH was founded in 1947 and is based in Torrance, California.


DEAL STATS #
Overall 9 of 9
Sector: Consumer Services M&A 8 of 8
Type: Divestiture M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2016 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-01 American Service Co.

Redwood City, California, United States

American Service Co. is a provider of laundry equipment and services.

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Seller(S) 1

SELLER

Angel Appliances

Surrey, United Kingdom

Category Company
Founded 1955
Sector Retail
DESCRIPTION

Angel Appliances Ltd. is a provider of complete range of appliances from Washing Machines to Steam Ovens.


DEAL STATS #
Overall 1 of 1
Sector: Consumer Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2016 M&A 1 of 1