WASH Multifamily Laundry Systems Acquires Coinamatic Canada
WASH Multifamily Laundry Systems, a portfolio company of Chicago-based CHS Capital™, completed the acquisition of Coinamatic Canada, Canada’s largest provider of multifamily laundry services.
This transaction brings together two industry leaders, making WASH the second largest and the only multinational laundry route operator in North America. Coinamatic will become a wholly owned subsidiary of WASH, but maintain the brand name Coinamatic in the Canadian market.
Rich Lobo, Partner at CHS Capital, said, "This is the eighth acquisition we have completed during our ownership period and brings WASH's installed base to over 450,000 machines. Coinamatic Canada also runs a commercial laundry division and ParkSmart, a division that manages parking facilities. Over the next year, management teams from both companies will work together to share best practices and integrate our operations on both sides of the border."
Adam Coffey, President and CEO of WASH, said, "Coinamatic brings experience in the Canadian market, key technology and commercial distribution channels complementary to our current business lines. This acquisition is an important step in executing our overall growth strategy to expand our machine base, revenue streams and geographic focus."
Based in El Segundo, California, WASH is a leading provider of laundry facilities management services for apartment properties, condos, college and university residence halls, military bases and other multi-housing locations. Founded in 1947, WASH services 60,000 locations throughout the U.S. and Canada. For additional information, please visit
CHS Capital is a Chicago-based private equity firm with 24 years of experience investing in the middle market. Through partnerships with strong management teams, CHS Capital accelerates earnings growth and drives value creation through human capital enhancements, performance improvement actions and strategic growth initiatives. Throughout its history, CHS Capital has made investments in over 390 businesses and invested $2.9 billion of capital. For additional information, please visit