Deal Details

Alliance Laundry Completes $950.3 Million Initial Public Offering

Industrial

Alliance Laundry initial public offering

Summary

Alliance Laundry Holdings Inc. ("Alliance Laundry" or the “Company”), a portfolio company of BDT & MSD Partners (“Selling Stockholder”), recently completed the closing of its upsized initial public offering of 43,195,120 shares of its common stock at a public offering price of $22.00 per share (the “Offering”). The Offering consisted of 24,390,243 shares of common stock offered by Alliance Laundry, 13,170,731 shares of common stock sold by the Selling Stockholder and 5,634,146 additional shares of common stock sold by the Selling Stockholder pursuant to the full exercise of the underwriters’ over-allotment option. The Offering generated approximately $536.6 million in primary gross proceeds for Alliance Laundry and $413.7 million in secondary gross process for the Selling Stockholder. Alliance Laundry will not receive any proceeds from the sale of common stock by the Selling Stockholder. Alliance Laundry expects to use the primary net proceeds from the Offering to repay outstanding indebtedness under the Company’s Term Facility.

Baird served as a bookrunner on this Offering.

About

Alliance Laundry makes the world cleaner as a provider of the highest quality commercial laundry systems. The Company’s laundry solutions are available under five respected brands, sold and supported by a global network of select distributors. Alliance Laundry serves approximately 150 countries with a team of more than 4,000 employees. The Company’s brands include Speed Queen®, UniMac®, Huebsch®, Primus® and IPSO®. Together, they present a full line of commercial washing machines, dryers and ironers (with load capacities from 20–400 lb. or 9–180 kg.) and support service. Alliance Laundry is headquartered in Ripon, Wisconsin.

BDT & MSD Partners is a merchant bank with an advisory and investment platform built to serve the distinct needs of business owners and strategic, long-term investors. BDT & MSD Partners is distinguished by decades of experience advising at the intersection of founders, families and businesses, as well as by a differentiated capital base and culture of aligned investing. BDT & MSD Partners is headquartered in Chicago, Illinois and New York, New York.