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  September 5, 2001
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Home > Company Index > Diversified Services > Consumer Services > Mac-Gray Corporation

Mac-Gray Corporation
NYSE: TUC
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 PROFILE
Mac-Gray makes sure there's no "out-of-change" excuses for not doing laundry. The company operates some 170,000 debit card- and coin-operated washers and dryers in about 30,000 apartment buildings, dormitories, and other housing complexes in 33 states. It uses mostly Maytag-brand laundry equipment and also distributes equipment to laundromats, hotels, hospitals, and restaurants. Mac-Gray also supplies combination refrigerator/freezer/microwave units (MicroFridge) for academic, military, and other housing facilities, as well as card- and coin-operated copiers for college and public libraries. Chairman and CEO Stewart Gray MacDonald and family own about 60% of the company, which was founded in 1927.

 COMPETITION
Coinmach Laundry Corporation (dossier)
SpinCycle, Inc. (dossier)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 154.30
1-Yr. Sales Growth: 3.8%
Employees: 525
Revenue per employee: $293,904.76

 KEY PEOPLE
• Stewart G. MacDonald
    CEO
• Michael J. Shea
    CFO

 CONTACT INFO
22 Water St.
Cambridge, MA 02141
US
Phone: 617-492-4040
Fax: 617-354-3963
Online: Web Site

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