Northleaf Capital Partners and AVALT have announced the acquisition of WASH Multifamily Holdings Inc, aiming to enhance WASH's growth in the North American laundry services market.

Target Information

WASH Multifamily Holdings Inc. (referred to as “WASH”) is a prominent player in the North American route-based laundry infrastructure services industry. The company has established itself as a trusted partner for property owners across the continent, emphasizing customer service and continued technological integration. As part of its commitment to growth, WASH is gearing up for an exciting new chapter in its operational history with the backing of strategic investors.

The acquisition of WASH is a significant move that highlights the company’s role as a leader in its sector. WASH's resilient business model has weathered various market conditions, including the challenges presented during the COVID-19 pandemic, positioning it effectively within a low-correlation service industry that offers essential laundry solutions.

Industry Overview

The North American laundry services market has witnessed substantial development over the past few years, with a strong emphasis on convenience and service efficiency. As urbanization increases and multi-fa