Alliance Laundry Systems Closes On Purchase Of Laundry Equipment Services
Dec 01, 2022•over 2 years ago
Acquiring Company
Alliance Laundry Systems
Acquired Company
Laundry Equipment Services
Description
Alliance Laundry Systems, the global leader in commercial laundry equipment, is expanding on an already strong direct distribution base with the acquisition of Laundry Equipment Services (LES). Alliance closed on the purchase today.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed