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CoinMach history
CoinMach company history timeline
Jan Sussman, an MBA graduate of the University of Pennsylvania's Wharton School of Business, assumed control of Coinmach Industries Co. in 1980, on his father's retirement, taking out a loan from NatWest to buy part ownership.
Coinmach entered the pay phone business in 1986, installing more than 200 Northwestern Bell telephones in a joint venture with a group of small telephone companies.
Although Solon had lost money in every year since 1987, it received an offer of about $12.5 million from Coinmach for its stock.
Coinmach's sales reached an estimated $85 million in 1990, when the company had 340 employees.
Coinmach Industries became The Coinmach Corp. in April 1995, at which time it acquired Solon Automated Services, which had about 174,000 washers and dryers in 18 states.
Of its revenues in fiscal 1997, the Northeast (New York, New Jersey, and Connecticut) accounted for 39 percent; the South-Central region for 30 percent; the Mid-Atlantic for 14 percent; the Southeast for 12 percent; and the Midwest for 5 percent.
These additions to the Coinmach family were made possible when Pamplona Capital Management, a London-based private equity firm with offices in New York City, became the primary equity partner and owner of Coinmach Services Corp in 2013.
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CoinMach competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Sporlan Valve | 1934 | $95.0M | 3,000 | - |
| OFFICE FURNITURE SERVICES | - | $2.1M | 26 | 43 |
| Alarmtechs | - | $230,000 | 100 | - |
| Bacharach, Inc. | 1909 | $31.3M | 100 | - |
| Towlift | 1965 | $106.7M | 200 | 26 |
| John Moore Services | 1965 | $43.7M | 200 | - |
| Gobin's, Inc. | - | $9.8M | 58 | - |
| Len The Plumber | 1996 | $8.8M | 54 | 29 |
| Aliso Air | 1987 | $1.5M | 50 | - |
| Audio Video | 1946 | $16.0M | 179 | 3 |
CoinMach history FAQs
Zippia gives an in-depth look into the details of CoinMach, including salaries, political affiliations, employee data, and more, in order to inform job seekers about CoinMach. The employee data is based on information from people who have self-reported their past or current employments at CoinMach. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by CoinMach. The data presented on this page does not represent the view of CoinMach and its employees or that of Zippia.
CoinMach may also be known as or be related to CoinMach, Coinmach Corp, Coinmach Corporation, Coinmach Service Corp. and Coinmach, A Member Of The Csc Serviceworks Family Of Companies.