Our long-term capital will provide a solid foundation and long runway to continue to pursue exciting growth opportunities around the world.” “Alliance has built its industry-leading position by investing in its people, innovating across its product portfolio and delivering unmatched customer service. “We are thrilled to partner alongside the entire Alliance team,” said Chip Dunn, Managing Director at BDT. BDT’s long investment horizon and their strategic approach to partnering positions Alliance well for the future.” This partnership will allow us to accelerate the execution of our proven growth strategy, continue to invest in new and innovative products of exceptional quality and strengthen the value we bring to our premier distribution partners. Mike Schoeb, Alliance’s President and Chief Executive Officer, commented, “Our management team will hold a significant ownership stake following the transaction and is excited by the new partnership with BDT. Teachers’ is expected to retain a minority interest in the Company following the completion of the transaction. Alliance Laundry Systems (“the Company” or “Alliance”), the leading, global designer and manufacturer of commercial laundry equipment, announced today that BDT Capital Partners, LLC, (“BDT”) through its investment funds, has agreed to acquire a majority interest in the Company from Ontario Teachers’ Pension Plan (“Teachers’”).
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