Alliance Laundry Holdings raised $826 million in its initial public offering of 37.6 million shares of stock.
Shares began selling on the New York Stock Exchange under ALH. Alliance Laundry Holdings had a market cap of about $4.41 billion.
Alliance operates out of Ripon and is known for its Speed Queen brand of commercial washers and dryers. It is the world’s largest manufacturer of commercial laundry systems.
The company said in its prospectus that it would use the IPO proceeds to pay off some of its $2 billion debt.
In the IPO, Alliance Laundry Holdings sold 24.4 million shares and BDT Capital Partners, the principal stockholder, sold 13.2 million shares. BDT Capital Partners increased its portion of the deal at pricing to 13.2 million – up from 9.8 million in the prospectus. BDT Capital Partners acquired its majority stake in Alliance Laundry in 2015.
Alliance Laundry Holdings earned net income of $79 million on revenues of $1.62 billion for the 12 months that ended June 30, 2025.
