Alliance Laundry Holdings, which makes commercial washing machines and dryers for use in laundromats, filed on Friday with the SEC to raise an estimated $500 million in an initial public offering.
The company designs and manufactures commercial laundry systems used in healthcare facilities, hotels, laundromats, fire stations, and other institutional settings. Alliance claims they hold an estimated 40% share of the North American commercial laundry market and maintains positions in other international markets.
The Ripon, WI-based company was founded in 1908 and booked $1.6 billion in revenue for the 12 months ended June 30, 2025. It plans to list on the NYSE under the symbol ALH. Alliance Laundry Holdings filed confidentially on June 17, 2025. BofA Securities, J.P. Morgan, Morgan Stanley, Baird, BDT & MSD, BMO Capital Markets, Citi, Goldman Sachs, UBS Investment Bank, CIBC World Markets, and Fifth Third Securities are the joint bookrunners on the deal. No pricing terms were disclosed.
