Coinmach

Coinmach provides essential laundry and air service solutions, enhancing amenities through advanced technologies and customer-focused applications, primarily serving the property management and commercial sectors in the U. S. and Canada. Coinmach, founded in 2003 and based in Plainview, US, specializes in providing laundry services and equipment.

The company underwent a significant change in May 2013 when it merged with Air-Serv Holding, forming CSC ServiceWorks Inc. This merger was valued at USD 1. 4 billion and was led by CSC ServiceWorks Inc. Since its founding, Coinmach has completed 2 deals, with the latest being the merger in 2013.

CSC ServiceWorks offers a range of technology-driven solutions aimed at improving community amenities. Their primary services include industrial and on-premise laundry equipment, mobile applications such as the One Tap Away app, electric vehicle charging solutions, and modern tire inflation and vacuum machines. The One Tap Away app acts as a user-friendly platform that enhances interactions between residents and property managers. The company serves various clients, including property management firms and commercial establishments, across the United States and Canada, focusing on increasing property value and tenant appeal through accessible services and modern payment systems.

In 2013, CSC ServiceWorks reported a revenue of USD 578 mn. Revenue is generated through partnerships and service agreements with clients in property management and commercial sectors, utilizing a transactional structure that includes subscriptions for their digital services and equipment sales. The company engages clients through service contracts and revenue-sharing models to ensure consistency in revenue streams. Future strategies for CSC ServiceWorks include leveraging recent funding from the merger to innovate and expand their product offerings, particularly through the development of new technologies and services.

While specific upcoming products have not been detailed, expansion plans aim at penetrating additional markets within North America by the end of 2014. The merger in May 2013 is expected to facilitate growth and enhance service capabilities across their operational regions.