Alliance Laundry steadies after backer BDT Capital's upsized stake sale

Alliance Laundry Holdings

19/08/2026 12:26

** Shares of Alliance Laundry Systems ALH.N up 0.4% at $24.10 on light premarket volume on Weds after upsized secondary offering priced
** Commercial laundry systems maker late Tues announced 22.55 mln shares offloaded by BDT Capital Partners at $23.50
** Offering size increased from 20.5 mln shares and priced at 2.1% discount to stock's last sale on Tues; stock had fallen prior seven sessions
** ALH to purchase ~3.3 mln of the offering shares from the underwriters
** BofA and JP Morgan joint bookrunners for offering, among other investment banks
** Prior to offering, private equity firm BDT Capital owned ~140.8 mln shares, or 70.8% of co's ~198.8 mln shares outstanding, per the prospectus
** Ripon, Wisconsin-based ALH went public last Oct after IPO priced at $22
** Stock hit record intraday high of $28.23 on Aug 5

(Lance Tupper is a Reuters market analyst. The views expressed are his own)
((lance.tupper@tr.com 1-646-279-6380))