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March 29, 2015 3:33 AM ET

Diversified Consumer Services

Company Overview of WASH Multifamily Laundry Systems, LLC

Company Overview

WASH Multifamily Laundry Systems, LLC provides laundry services to apartment properties, condominiums, college and university residence halls, and military bases in the United States and internationally. It offers multifamily laundry services; and laundry facilities management service for multi-housing locations. The company 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 equipment. In addition, it offers commercial washers and dryers maintenance and installation, laundry room designing, and laundry room collection services. Further, the company provide...

100 North Sepulveda Boulevard

12th Floor

El Segundo, CA 90245

United States

Founded in 1947

Phone:

310-643-8491

Key Executives for WASH Multifamily Laundry Systems, LLC

Chief Executive Officer and President
Chief Financial Officer
Age: 44
Chief Operating Officer
Chief Information Officer
General Counsel
Compensation as of Fiscal Year 2014.

WASH Multifamily Laundry Systems, LLC Key Developments

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.

WASH Multifamily Laundry Systems, LLC Hires Craig Levine as New General Counsel

WASH Multifamily Laundry Systems, LLC announced the appointment of Craig Levine as its new General Counsel. Levine's principle areas of practice are mergers and acquisition transactions, corporate finance and securities law, joint ventures, contractual matters, among others. As a member of the Corporate Practice Group at Jeffer Mangels Butler & Mitchell, LLP in Los Angeles, Levine has served as WASH's outside legal counsel for many years.

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