LG Electronics Signed Supply Deal With CSC ServiceWorks
The agreement secures a new B2B contract for LG to provide commercial laundry equipment across the United States.
Updated on Oct. 5, 2026 in Public Companies
Live Poll
Do you trust that partnerships between large service providers will improve your local laundry services?
LG Electronics has finalized a supply contract to provide commercial washing machines to New York-based CSC ServiceWorks. This partnership bolsters LG's reach within the American laundry sector, where CSC manages over 1.5 million machines.
Why it matters
The deal helps LG Electronics expand its business-to-business footprint while providing CSC ServiceWorks with a consistent supply of equipment. By aligning with a major laundry operator, LG aims to capture more share in a growing industrial market.
The U.S. commercial washing machine market was valued at $1.43 billion in 2024 and is projected to grow at an average annual rate of 5.6 percent through 2029. CSC ServiceWorks currently operates approximately 1.5 million washers and dryers.
The players
LG Electronics
A South Korean multinational electronics company that specializes in consumer electronics, mobile communications, and home appliances.
CSC ServiceWorks
A New York-headquartered company that manages laundry facilities for multi-family housing and commercial laundromats.
The details
LG Electronics will supply commercial washers directly to CSC ServiceWorks, which manages shared laundry facilities and coin-operated laundromats. This contract builds upon a relationship that began in 2024 when LG started supplying equipment to the firm's Wash brand.
Timeline
LG began supplying commercial washers to Wash in 2024.
The contract signing was announced on September 30, 2026.
The U.S. commercial laundry market is projected to grow through 2029.
Market Landscape
This deal capitalizes on the steady expansion of the U.S. commercial laundry sector, which is expected to maintain an average annual growth rate of 5.6 percent through 2029. The agreement reflects the broader trend of major appliance manufacturers seeking scale through long-term partnerships with large-scale facility management operators.
The partnership may influence the quality and maintenance standards of laundry equipment found in apartment buildings or coin laundromats serviced by CSC ServiceWorks. Customers using these shared facilities can expect a potential increase in the availability of LG-branded machines over time.
The takeaway
Commercial service providers are increasingly standardizing their equipment through high-volume supply contracts to manage operational efficiency. For facility owners and residents, this consolidation often leads to more uniform equipment interfaces and improved long-term service reliability.
Further reading
For more on industry developments, visit Public Companies.
Source note: This article includes information reported by Pulse.
Live Poll
Do you trust that partnerships between large service providers will improve your local laundry services?
