Alliance Laundry reveals revenue jump in US IPO filing
Alliance Laundry, a leading laundry equipment maker, has reported a significant increase in revenue of nearly 15% in the first half of 2025. This positive financial growth was disclosed in the company’s U.S. initial public offering paperwork, as it prepares to list on the New York Stock Exchange amidst a hot IPO market.
This listing plan marks a notable shift in strategy for Alliance owner BDT & MSD Partners, a merchant bank that had previously explored a sale of the 117-year-old commercial laundry provider. Last year, reports indicated that the potential sale could have valued the company at $5 billion, including debt.
The decision to pursue an IPO comes at a time when U.S. IPOs are experiencing a resurgence, with investors showing confidence despite lingering tariff uncertainty and record highs in equity markets. Recent successful IPOs across various sectors, from crypto and space-tech to consumer and fintech companies, have encouraged executives to move forward with listing plans that may have been delayed earlier in the year due to trade barriers imposed by the U.S. on its trading partners.
In its IPO filing, Alliance Laundry highlighted challenges related to trade barriers, noting that prices for raw materials like steel and aluminum have experienced significant fluctuations in recent years. Despite these obstacles, the company remains a major player in the commercial laundry market in North America, boasting a market share of around 40%.
Founded in 1908, Alliance Laundry specializes in manufacturing large-capacity washers and dryers. Through strategic acquisitions over the years, the company has steadily expanded its business and solidified its position in the market. In the first half of 2025, Alliance’s revenue surged to $836.8 million, up from $729 million in the previous year. However, its profit saw a decline, falling to $48.3 million from $67.6 million.
The company is set to list on the New York Stock Exchange under the symbol “ALH”, with BofA Securities and J.P. Morgan serving as the lead underwriters for the IPO. This move signifies a new chapter for Alliance Laundry as it looks to capitalize on its strong market position and drive further growth in the industry.
(Reporting by Ateev Bhandari in Bengaluru; Editing by Arun Koyyur)
