EY announces Adam Coffey, President & CEO of WASH is an EY Entrepreneur Of The Year™ 2014 semifinalist in Greater Los Angeles

EL SEGUNDO, Calif., April 10, 2014 /PRNewswire/ -- EY today announced that Adam Coffey, President  & CEO of WASH, is a semifinalist for the EY Entrepreneur Of The Year™ 2014 Award in Greater Los Angeles.  The awards program recognizes entrepreneurs who demonstrate excellence and extraordinary success in areas such as innovation, financial performance and personal commitment to their businesses and communities.  Coffey was selected as a semifinalist by a panel of independent judges.  Award recipients will be announced at a black-tie Awards Gala on Tuesday, June 17, 2014 at the Beverly Hilton Hotel in Beverly Hills, CA. 

Coffey has served as President of WASH Multifamily Laundry Systems, a leading laundry facilities management service for multi-housing locations, since 2003 and became CEO in 2005. "It's a great personal honor to be recognized by such a prestigious awards program for my work at WASH," says Coffey. A seasoned executive with extensive leadership experience, Coffey attributes the success of WASH to its people and their continual attention to innovation. "Ultimately, this is what transforms the laundry experience for our customers and keeps the entrepreneurial spirit alive in our 67-year-old company."  

During his tenure at WASH, Coffey has spearheaded numerous technology-enabled solutions and led the company through a series of divestitures, mergers and acquisitions resulting in more than $650 million of cash distributions to shareholders. In 2008, he successfully led a change in control from family-owned to an institutionally owned and professionally managed company. Since that time, Coffey has doubled the size of the company and seen revenue increase 40 percent during one 12-month period.  The once sleepy family-owned company is now approaching an enterprise value of $1 billion.

Now in its 28th year, the EY Entrepreneur Of The Year Awards Program has expanded to recognize business leaders in more than 145 cities in more than 60 countries throughout the world. 

Regional award recipients are eligible for consideration for the EY Entrepreneur Of The Year national program.  Award recipients in several national categories, as well as the EY Entrepreneur Of The Year National Overall Award recipient, will be announced at the annual awards gala in Palm Springs, California, on November 15, 2014. The awards are the culminating event of the EY Strategic Growth Forum®, the nation's most prestigious gathering of high-growth, market-leading companies.

Sponsors
Founded and produced by EY, the Entrepreneur Of The Year Awards are nationally sponsored by SAP America and the Ewing Marion Kauffman Foundation. In Greater Los Angeles, regional sponsors include: Platinum sponsors – Marsh, Merrill Corporation, Scherzer International, Smart Business and Union Bank. Silver sponsors – Acacia Wealth Advisors, Ballard Spahr, The Big Picture, and Cresa.

About WASH
WASH is a leader in technology-advanced, eco-friendly laundry room operations. Its "best-in-class" facilities management services can be found at apartment properties, condos, college and university residence halls, military bases and other multi-housing locations. More than 4.5 million people do their weekly laundry at a WASH facility. WASH is a privately held company founded in 1947 and based in El Segundo, California and operating in 10 US states and all Canadian provinces. Through its subsidiary Coinamatic Canada, WASH also has a commercial laundry distributorship and ParkSmart, a division that manages parking facilities. For more information, please visit www.washlaundry.com or call 800-421-6897, ext. 1600.

About EY Entrepreneur Of The Year™
EY Entrepreneur Of The Year™ is the world's most prestigious business award for entrepreneurs. The unique award makes a difference through the way it encourages entrepreneurial activity among those with potential and recognizes the contribution of people who inspire others with their vision, leadership and achievement. As the first and only truly global award of its kind, Entrepreneur Of The Year celebrates those who are building and leading successful, growing and dynamic businesses, recognizing them through regional, national and global awards programs in more than 145 cities in more than 60 countries.

About EY's Strategic Growth Markets practice
EY's Strategic Growth Markets (SGM) practices guide leading high-growth companies. Our multidisciplinary teams of elite professionals provide perspective and advice to help our clients accelerate market leadership. SGM delivers assurance, tax, transactions and advisory services to thousands of companies spanning all industries. EY is the undisputed leader in taking companies public, advising key government agencies on the issues impacting high-growth companies and convening the experts who shape the business climate. For more information, please visit us at ey.com/us/strategicgrowthmarkets, or follow news on Twitter @EY_Growth.

About EY
EY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities.

EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. For more information about our organization, please visit ey.com.

Contact:
Cathy Jackson
WASH Multifamily Laundry Systems
(310) 297-9437
[email protected]

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SOURCE WASH Multifamily Laundry Systems