Alliance Laundry, Angie Holdings File IPOs Aiming US Listings

Alliance Laundry Holdings Inc., backed by BDT & MSD Partners, has filed for an initial public offering with plans to list on the New York Stock Exchange under the ticker 'ALH'. The company, which designs and manufactures commercial laundry systems and holds about 40% of the North American commercial laundry market, reported a 15% revenue increase to $836.8 million in the first half of 2025, although its net income declined to $48.3 million. Alliance aims to use the proceeds from the IPO to reduce its debt and is working with BofA Securities and J.P. Morgan as lead underwriters. The filing highlights challenges related to trade barriers and fluctuating raw material costs like steel and aluminum. The IPO comes amid a strong rebound in U.S. public offerings, supported by investor enthusiasm and expectations of interest rate cuts. Founded in 1908, Alliance emphasizes its century-long engineering expertise and focus on delivering premium, reliable commercial laundry equipment worldwide.