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September 02, 2015 8:53 PM ET

Diversified Consumer Services

Company Overview of WASH Multifamily Laundry Systems, LLC

Company Overview

WASH Multifamily Laundry Systems, LLC offers laundry services to apartments, condominiums, college and university residence halls, military bases, and other multi-housing locations in the United States and internationally. It offers multifamily laundry services; and laundry facilities management service for multi-housing locations. The company also provides laundry service and maintenance solutions, which include laundry room designing and installation, and laundry room collection services. In addition, it distributes commercial laundry equipment, such as front-load and top-load washers; heavy-capacity and stackable dryers; stackable washer/dryer combos; and coin operated washers or coinless...

100 North Sepulveda Boulevard

12th Floor

El Segundo, CA 90245

United States

Founded in 1947

Phone:

310-643-8491

Fax:

310-297-9481

Key Executives for WASH Multifamily Laundry Systems, LLC

Chief Executive Officer and President
Chief Financial Officer
Age: 45
Chief Operating Officer
Chief Information Officer
General Counsel
Compensation as of Fiscal Year 2015.

WASH Multifamily Laundry Systems, LLC Key Developments

Paul Cummins Joins WASH Multifamily Laundry Systems as an Executive Vice President of Sales and Marketing

WASH Multifamily Laundry Systems announced that Paul Cummins is joining the firm as executive vice president of sales and marketing. In this new role, Cummins will oversee the company's sales, marketing, customer service and business development groups. Paul comes from a successful career in sales and marketing, where he has consistently achieved sustainable high sales and profitable growth for multi-national companies. He formerly served as vice president of sales and marketing for the Penhall Company, the leading concrete-cutting and excavation firm. Prior to that, he was vice president of sales and marketing at Baker Corp., the global containment, pump and shoring company, where he led sales and marketing efforts for more than a decade.

WASH Reportedly Mulls Sale Of Assets

WASH Multifamily Laundry Systems, LLC is planning to sell assets. People close to the matter stated that the company is exploring a sale that could value it at more than $900 million, including debt. The sources added that CHS Capital has engaged Moelis & Co to run an auction for WASH. According to them, first round expressions of interest are expected this week. The news report mentioned that the sources asked not to be identified because the sale process is confidential while WASH and CHS did not respond to requests for comment and a Moelis spokeswoman declined to comment.

WASH Multifamily Laundry Systems Offers Top-Load High Efficiency Washers to Customers

WASH Multifamily Laundry Systems now offers a choice of top-load high efficiency washers (HEW) for its customers seeking a lower-priced machine with a lower environmental impact. The company provides the new machines from manufacturers such as Speed Queen and Maytag. An ENERGY STAR rated machine, top-load HEWs prevent greenhouse gas emissions by meeting strict energy-efficiency guidelines set by the U.S. Environmental Protection Agency and the U.S. Department of Energy. As with all of company's equipment, the machines are designed to withstand the rigors of use in the multifamily laundry room and commercial setting. The company's top-load HEWs offer numerous environmental advantages and cost-efficiencies for multifamily laundry rooms. They conserve water use per cycle, resulting in savings on both water and sewer costs. And, the machine's larger tub capacity allows for larger loads, which means users can wash more with the same amount of water and energy. The machines function with a fast-spin speed and automatic balance system that requires less energy to dry clothes. Furthermore, temperature controls reduce the use of hot water and the energy needed to heat it. The machines also feature low voltage control with LED indicators to minimize the amount of electricity required to operate the machine.

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Date
Target
Merger/Acquisition
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