Alliance Laundry Holdings Inc. (ALH) Form S-1 — Aug 17, 2026
Alliance Laundry Holdings filed an S-1 registering a secondary offering of 20,500,000 shares of common stock by its principal stockholder, BDT Capital Partners, which currently beneficially owns 140,758,968 shares, or 70.8%, of the company. The company will receive none of the proceeds; BofA Securities, J.P. Morgan and BDT & MSD are underwriting the deal, with a 30-day option on up to 3,075,000 additional shares. Concurrent with the offering, Alliance intends to repurchase approximately $75 million of its stock from the underwriters at the deal price, funded with cash on hand and approved by a special committee of the board, with repurchased shares cancelled.
Key figures
- Eps
- H1 2026 diluted: $0.62 (basic $0.63); FY2025 diluted: $0.56
- Revenue
- H1 2026: $903.6 million (vs. $836.8 million H1 2025); FY2025: $1,709.2 million
- Net Income
- H1 2026: $125.6 million; FY2025: $101.8 million
- Total Debt
- ~$1,891.0 million (Term Loan $1,250.0M + asset-backed borrowings $641.0M per capitalization table)
- Debt Amount
- $1,250.0 million Term Loan outstanding as of June 30, 2026; $641.0 million asset-backed borrowings per capitalization table
- Revenue Yoy
- +8.0% (H1 2026 vs. H1 2025, derived from stated $903.6M vs. $836.8M)
- Total Assets
- $2,946.9 million (June 30, 2026)
- Cash Position
- $159.5 million (June 30, 2026)
- Interest Rate
- Term SOFR + 2.00% (Term Facility, post August 2025 repricing)
- Maturity Date
- August 19, 2031 (Term Loans); August 19, 2029 (Revolving Facilities)
- Offering Price
- Not yet priced (preliminary prospectus); ALH closed at $25.47 per share on August 14, 2026
- Shares Offered
- 20500000
- Shares Outstanding
- 198789096
- Market Share
- ~40% of the North America commercial laundry market; ~8 million installed units across ~150 countries
- Moodys Upgrade
- B2 to B1 (June 2026)
- Adjusted EBITDA
- H1 2026: $242.8M (26.9% margin); FY2025: $436.5M (25.5% margin)
- Greenshoe Shares
- 3075000
- Forward Stock Split
- 142-for-1, effected September 26, 2025
- Revolving Capacity
- $245.1 million available under Revolving Credit Facility (June 30, 2026)
- Gross Profit H1 2026
- $347.1M
- Share Repurchase Usd
- $75 million (funded with cash on hand; shares to be cancelled)
- Stockholders Equity
- $502.6M (June 30, 2026)
- Special Dividend2024
- $900M total ($841.7M to BDTBH, $58.3M to management), paid largely from Credit Agreement borrowings
- Sponsor Ownership Pre Offering
- 70.8% (140,758,968 shares)
- Voluntary Term Loan Prepayments
- $710.0M during 2025; $115.0M in H1 2026; $525.0M repaid with October 2025 IPO proceeds
Price after filing
Close on the filing date to close N calendar days later (from $24.79). Historical, not a forecast.
AI analysis
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