The acquisition is Alliance’s fourth of 2021 and a continuation of its strategy to partner with companies possessing exceptional leadership in markets with high growth potential. Gulf State’s dry-cleaning business is not included in the sale.
“I am confident that the combination of Gulf States leadership backed by a wide range of Alliance Laundry Systems resources will deliver mutually beneficial results for customers and our company,” said Rick Pyle, President and Chief Commercial Officer of Alliance Laundry Systems.
That confidence has been bolstered by the strong performance of Alliance’s direct distribution partners, which demonstrates the effectiveness of the company’s strategy of selecting great companies in growing markets.
“We are excited to begin this next chapter of our family business and leverage the resources of Alliance Laundry Systems to better serve our customers,” said Pravin Parmar, co-owner of Gulf States
For more information about Alliance Laundry Systems, visit alliancelaundry.com. To learn more about Gulf States Equipment Co., visit gslaundry.com.