Alliance Laundry Holdings, the world's leading producer of commercial washing machines and dryers, announced terms for its IPO on Monday.
The Ripon, WI-based company plans to raise $700 million by offering 34.1 million shares (29% secondary) at a price range of $19 to $22. New investors Capital International Investors and Kayne Anderson Rudnick intend to purchase $200 million worth of shares in the offering (29% of the deal). At the midpoint of the proposed range, Alliance Laundry Holdings would command a fully diluted market cap of $4.2 billion.
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.
Alliance Laundry Holdings 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. BofA Securities, J.P. Morgan, Morgan Stanley, Baird, BDT & MSD, BMO Capital Markets, Citi, Goldman Sachs, UBS Investment Bank, CIBC World Markets, Fifth Third Securities, and PNC Capital Markets are the joint bookrunners on the deal. It is expected to price the week of October 6, 2025.
