COVID-19 Side Effect – Heightened Laundry M&As
Factors ranging from pent-up demand going back to the onset of the COVID-19 lockdowns to concerns about tax hikes, labor shortages and the precarious state of the hospitality and restaurant industries, have fueled a recent uptick in laundry mergers and acquisitions (M&As), according to three consultants who work with both buyers and sellers of laundries.