Today we are delighted to announce the acquisition of Pee Gee Ltd; a laundry technology specialist based in Middlesbrough. Pee Gee’s customer base in both the care and hospitality sectors teamed with 50 years of industry experience were the perfect fit to continue Wolf’s growth.
The deal is the second of its kind for Wolf, having bought Cornish laundry firm, Brewer & Bunney in 2021.
Wolf has self-funded the acquisition along with our Swiss investment partner, Schulthess Machines AG. The acquisition will see Wolf taking full control of Pee Gee by the end of 2022.
During the last 12 months Wolf has made significant investments in its senior leadership team, and has ambitious future growth plans. The acquisition will reinforce Wolf’s nationwide team of highly skilled field engineers, providing an enhanced presence across the North of England.
Dan Riley, Wolf Laundry’s joint managing director, said: “We identified the synergies between Pee Gee and Wolf. Like our own, the company’s ethos is centred around the customer and the team has unquestionable expertise. The acquisition increases our market share and is the next step in Wolf’s growth strategy to become the UK’s number 1 commercial laundry specialist.
“We’re delighted to welcome the Pee Gee team to the Wolf Laundry family. Both employees and customers can expect stability as a result of this acquisition. We’re aiming for a seamless transition where we will continue to provide the fastest, most reliable service in the commercial laundry sector.”