(Reuters) -Alliance Laundry’s revenue rose nearly 15% in the first half of 2025, the laundry equipment maker disclosed on Friday in its U.S. initial public offering paperwork, aiming to list on the New York Stock Exchange as the IPO markets continue to run hot.
The listing plan marks a U-turn in strategy by Alliance owner BDT & MSD Partners, the merchant bank which was exploring a sale of the 117-year-old commercial laundry provider last year, Reuters had reported.
The sale would have valued it at $5 billion, including debt.
U.S. IPOs have made a triumphant comeback this fall, as investors shrug off residual tariff uncertainty with equity markets reaching record highs.
Stellar first-day receptions to companies ranging from crypto and space-tech to consumer and fintechs have encouraged executives to resume listing plans sidetracked in April by U.S. tariffs on its trading partners.
Alliance also flagged pain from trade barriers in its filing, saying that prices for raw materials such as steel and aluminum have faced significant price swings in recent years.
Founded in 1908, it manufactures large-capacity washers and dryers. The company, which has grown its business through several tuck-in acquisitions over the years, claims to hold around 40% of the commercial laundry market in North America.
Alliance’s revenue jumped to $836.8 million for the six months ended June 30, up from $729 million a year ago. Its profit, however, fell to $48.3 million from $67.6 million.
The company expects to list on the New York Stock Exchange under the symbol “ALH”. BofA Securities and J.P. Morgan are the lead underwriters.
(Reporting by Ateev Bhandari in Bengaluru; Editing by Arun Koyyur)
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