ByNext, a technology-enabled home services company, providing eco-friendly laundry, dry cleaning and residential home cleaning, has acquired WashBox, a Los Angeles-based laundry and dry cleaning delivery company. ByNext expects the WashBox acquisition will accelerate its expansion into a new market and solidify its position in the home services space.
“We are executing our omni-channel, omni-service business model for rapid expansion to become the single-source provider in garment and premise cleaning for homes and small businesses. To achieve our goal, we plan to grow both organically and through acquisition. The acquisition of WashBox and its integration onto our powerful technology platform expedites a strategic move to the West Coast and opportunity to scale,” said Kam Saifi, ByNext CEO. “WashBox is vertically integrated with lockers in over five hundred buildings. This will give ByNext a quick jumpstart in penetrating L.A. and the Southern California markets.”
“In order to deliver our high-quality and eco-friendly services, we needed a platform behind us to grow and help achieve our goals. Not only does ByNext have the technology to get us there, but their management’s proven track record and business model, especially in the New York Metro Area market where they’ve mastered, will completely set us over the top. We’re excited that our users in Los Angeles and the surrounding metropolitan areas will get to experience this much-needed value add in their everyday lives.” said Shay Kalmanovich, WashBox CEO.
Kalmanovich will assume the position of VP and general manager of West Coast at ByNext, with an initial focus on growth in Los Angeles and Orange Counties.