ATLANTA — Commercial laundry and drycleaning equipment distributor Southeastern Laundry Equipment Sales (SLES) reports it entered into a strategic partnership with investment firm and advisor 4612 Group earlier this year.
Terms of the transaction—which 4612 describes on its website as an “equity” investment type—were not released. The deal closed in February.
As part of the partnership, CEO and owner Chase Brown continues to lead SLES. He says he’s excited about his company partnering with 4612 Group.
“We couldn’t be more pleased to be partnering with this unique group that holistically understands our business and culture and is supportive of us reaching our collective goals and advancing our business,” says Brown.
The SLES statement indicates the partnership represents “a commitment to alignment and growth” driven by Brown’s vision for the business, and that 4612 Group aims to support him and SLES “by leveraging its extensive experience in backing founder-led and family-owned businesses.”
Headquartered in Marietta, Georgia, SLES serves clients across Georgia, Florida, Alabama, Tennessee, North Carolina and South Carolina.
Founded in 1976, SLES is a full-service provider of laundry equipment, offering solutions for on-premises, coin and multi-family laundries. It caters to a diverse clientele, including hospitality, healthcare, laundromats, municipal entities, and other commercial businesses.
Have a question or comment? E-mail our editor Dave Davis at [email protected].