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Overview
WASH Laundry provides route-based laundry management for multifamily and university properties in North America, owning, installing, and maintaining common-area machines on long-term contracts. It uses equipment from brands like Maytag and Whirlpool and handles the entire facility operation, including coin and digital payments. Residents pay and monitor machines via the WASH-Connect app, which also collects usage data to improve efficiency. Its scale, full-service model, and integrated payments differentiate it from competitors, with a goal of delivering a reliable resident amenity that reduces owners’ workload while generating steady, usage-based revenue.
About WASH Laundry
Industries
Data & Analytics
Industrial & Manufacturing
Enterprise Software
Company Size
501-1,000
Company Stage
Debt Financing
Total Funding
$850M
Headquarters
Los Angeles, California
Founded
1947
Simplify's Take
What believers are saying
- Northleaf and AVALT acquisition on July 15, 2025, funds U.S. and Canada growth.
- 4.5 million weekly users drive recurring revenue in recession-resilient market.
- PayRange licensing enhances WASH-Connect app for higher transaction volumes.
What critics are saying
- Phil Theodore replaces Jim Gimeson, disrupting technician routes in 3-6 months.
- Hercules Corp accesses 82,000 locations, eroding maintenance revenue in 6-12 months.
- PayRange fees drain 5-10% of WASH-Connect revenue ongoing.
What makes WASH Laundry unique
- WASH manages 635,000 machines across 82,000 locations since 1947.
- WASH-Connect enables mobile payments and machine availability monitoring.
- Long-term contracts cover installation, maintenance, and payments for multifamily housing.
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Funding
Total Funding
$850M
Above
Industry Average
Funded Over
1 Rounds
Benefits
Health Insurance
Company News
Northleaf and AVALT Announce Acquisition of WASHAcquisition will support growth throughout core markets in the U.S. and CanadaTORONTO, ON and BOSTON, MA (July 15, 2025) - Northleaf Capital Partners (“Northleaf”), a global private markets investment firm, announced that funds managed by the firm, alongside AVALT, a Boston-based investment firm, have signed definitive agreements to acquire WASH Multifamily Holdings Inc (“WASH” or the “Company”), a leading North American route-based laundry infrastructure services company, from EQT, a purpose-driven global investment organization. The transaction is expected to close in the third quarter of 2025 upon receipt of customary regulatory approvals.
EQT Infrastructure II fund has agreed to sell WASH Multifamily Laundry Systems to Northleaf Capital Partners and AVALT.
Presso(R) joins forces with WASH Multifamily to introduce 5-minute "press & refresh" Machines.
PORTLAND, Ore., April 25, 2024 /PRNewswire/ -- PayRange Inc., an innovator in mobile payment solutions and hardware for automated retail, has entered into a non-exclusive licensing arrangement with WASH Multifamily Laundry Systems, LLC (WASH). WASH is one of the country's largest providers of laundry facilities management services serving apartment properties, condos, college and university residence halls, military bases, and other multi-housing sectors. This agreement licenses PayRange's patents for use with the WASH-Connect Mobile Payment App. The agreement continues for the term of PayRange's patents."WASH has been a long-time customer of PayRange, and we're pleased to be extending our partnership with this licensing agreement," stated Paresh Patel, Founder and CEO of PayRange. "We are really impressed with the long-term vision WASH has for providing innovative technology and services to its customers and we look forward to playing a part in bringing those visions to reality."Jim Gimeson, CEO of WASH, reflected on the company's ethos, stating, "We're a privately held company founded in 1947 and we hold dear our reputation for integrity and ethical practices. As operators, we hold a deep respect for the innovations PayRange has brought to elevate the laundry industry."Under the terms of the agreement, a licensing fee per mobile transaction will be assessed for use of the licensed mobile application payment technology.About PayRange:PayRange was founded by Paresh Patel, an unattended retail veteran, to provide operators and consumers with a simple and secure mobile payment and loyalty solution for laundry, vending, amusement, and other small ticket merchants
SPOKANE, Wash.-(BUSINESS WIRE)-AV Access, a leading provider of Pro AV and AV over IP solutions, is pleased to announce the launch of an upgraded HDMI over IP solution (4KIP200) in anticipation of the exciting NBA playoffs.
WASH Laundry is Hiring for 43 Jobs on Simplify!
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About WASH Laundry
Industries
Data & Analytics
Industrial & Manufacturing
Enterprise Software
Company Size
501-1,000
Company Stage
Debt Financing
Total Funding
$850M
Headquarters
Los Angeles, California
Founded
1947
WASH Laundry is Hiring for 43 Jobs on Simplify!
Find jobs on Simplify and start your career today