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Alliance Laundry Systems made a strong debut on the New York Stock Exchange, closing up 11.4% and reaching a market value of about $4.83 billion. The Wisconsin-based commercial laundry equipment manufacturer, backed by private equity firm BDT Capital Partners, sold 34.1 million shares at $22 each — the top of its target range — alongside existing shareholders.
The upbeat performance reflects growing investor confidence in private equity-backed companies that prioritize stable growth and solid financial structures over high-growth speculation. Analysts say the success of Alliance Laundry’s IPO could pave the way for more such listings as U.S. market activity continues to rebound.
BDT Capital Partners acquired its majority stake in Alliance from Ontario Teachers’ Pension Plan in 2015. Founded over a century ago, Alliance manufactures commercial washing machines, dryers, and ironers for professional laundry operations.
Source: Reuters
