Well-known commercial washing machine manufacturer Alliance Laundry(ALH.US) plans to raise $500 million through an IPO, holding a 40% market share in North America.

Self-service laundry commercial washing machine and dryer manufacturer Alliance Laundry Holdings (ALH.US) submitted an application to the U.S. Securities and Exchange Commission last Friday, planning to raise about $500 million through an initial public offering (IPO). The company designs and manufactures commercial laundry systems for medical facilities, hotels, self-service laundromats, fire stations, and other public places. Alliance Laundry claims to have a market share of approximately 40% in the North American commercial laundry market and holds significant positions in other international markets. The company, headquartered in Ripon, Wisconsin, was founded in 1908 and reported revenue of $1.6 billion for the 12-month period ending on June 30, 2025. The company plans to list on the New York Stock Exchange with the stock symbol ALH. Pricing terms have not been disclosed. Alliance Laundry secretly submitted its listing application on June 17, 2025. Bank of America Securities, JPMorgan, Morgan Stanley, Baird, BDT & MSD, BMO Capital Markets, Citigroup, Goldman Sachs Group, Inc., UBS Group AG Investment Bank, CIBC World Markets, and Fifth Third Securities are the joint underwriters for this transaction.