Alliance Laundry Holdings Inc. (ALH)

The company is the world's largest designer and manufacturer of commercial laundry systems, with a pure-play focus on the commercial laundry industry and more than 100 years of engineering history. Its business began in 1908 in Ripon, Wisconsin, with a hand-operated washer. It positions its machines as premium products built for quality, durability and reliability, and says this supports a price premium and strong customer loyalty at replacement. For the twelve months ended December 31, 2025, it reported net revenue of $1.7 billion, net income of $101.8 million and Adjusted EBITDA of $436.5 million.

The company offers a full line of stand-alone commercial laundry systems, plus service parts and aftermarket services. Products range from small-chassis washers and dryers to large-chassis equipment with load capacities of up to 400 pounds. Most large-chassis products are designed for up to 30,000 cycles, and some are rated for up to 48,000. It sells across five brands: Speed Queen, Huebsch, UniMac, IPSO and Primus. Recent innovations include ProCapture lint capture technology, introduced in 2023, and a digital platform for monitoring product performance and revenues and for fleet management. It reports two segments: North America (the United States and Canada), which was 74% of 2025 revenue, and International (all other countries), which was 26%.

Its customers fall into three end markets, in an industry that a third-party study put at nearly $7.4 billion in 2023. On-Premise Laundry covers healthcare facilities, fire stations, hotels and other businesses that process large volumes of laundry to support their core operations. Vended covers laundromats and communal laundry operators, such as those serving apartments and universities, that charge users per use. Commercial In-Home covers residential consumers who pay a premium for commercial-grade reliability. The company estimates it holds about 40% of the North American commercial laundry market. It also believes it is the number one supplier in North America, Latin America and Asia Pacific (excluding China), and the number three supplier in Europe.

The company sells through a network of about 600 distributors and through direct channels in certain markets. About 94% of its North American distributors have been with it for ten years or more. North American sales include independent distributors, direct sales to communal laundry operators and company-owned distribution offices, supported by teams at its Ripon, Wisconsin locations and remotely. Internationally, it sells mainly through independent distributors and has direct sales offices in France, Spain, Italy and Brazil. Most North American products are made in its U.S. facilities, with some specialist machines sourced from other global facilities. Most International systems are made in the region where they are sold. Capital expenditures were about 3% of net revenue in 2025.