NEWPORT BEACH, Calif. — U.S. Dry Cleaning Corp. (USDC) continued its aggressive acquisition pace last week, announcing completion of its buyout of Hawaii’s Caesars Cleaners.
Caesars is known for its service and customer satisfaction, USDC says, and former co-owner Theresa Paulette Winn will stay on with Caesars as its brand manager. “We believe that this relationship will be very beneficial to our employees,” says former co-owner Jack Robinson. “U.S. Dry Cleaning has established its reputation as a company that believes in empowering its employees.”
“We are delighted to expand our presence in the Hawaii market while furthering our No. 1 position in the Honolulu marketplace,” says Michael Drace, USDC president. “We anticipate that as this acquisition is integrated into our existing operations, the economies of scale we can realize should enable us to achieve significant profitability for our Hawaii operations.”
USDC had completed six acquisitions since its inception, targeting market-leading operations with the goal of creating the industry’s first nationwide chain.
Have a question or comment? E-mail our editor Dave Davis at [email protected].