EQT AB is exploring a sale of Wash Multifamily Laundry Systems, which operates laundry machines in apartment buildings, college residence halls and military bases, according to people with knowledge of the matter.
The alternative asset manager, which has owned Wash since 2015 through one of its infrastructure funds, is working with Moelis & Co. to solicit interest from potential suitors, including private equity and infrastructure firms, some of the people said, asking not to be identified discussing private matters.
Any transaction is expected to value the company — which has more than $150 million in adjusted earnings before interest, taxes, depreciation and amortization — at around $2 billion, including debt, some of the people said.
Read more: BNN Bloomberg
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