BOCA RATON, Fla. — 365 Retail Markets has acquired Setomatic Systems Inc., the company behind the SpyderWash laundry payment platform, in a strategic partnership joining decades of laundry industry expertise with the technology, resources and product portfolio of 365.

The Schantz family will retain an investment in the business.

Setomatic-SpyderWash will continue to operate under its established name and brand, with Gregg Schantz remaining president and Michael Schantz remaining actively involved. The companies say existing customer support and distributor relationships will continue.

The combination is intended to expand laundromat operators’ access to technology beyond laundry payments. The companies see opportunities for owners to generate additional sales while customers wait for their laundry.

“We are incredibly excited about this next chapter for Setomatic-SpyderWash,” says Gregg Schantz. “Our family has spent generations building this business and developing relationships with laundry owners, route operators, and distributors across the industry. What makes this partnership so exciting is the opportunity to build on everything we’ve created while bringing even more value to our customers.

“With the resources, technology, and expanded product portfolio of 365, we see tremendous opportunities to not only accelerate innovation and enhance our existing SpyderWash solutions, but also introduce entirely new products and services that can help laundromat owners unlock additional revenue streams, maximize profitability, and get even more value out of their businesses.”

Joe Hessling, founder and CEO of 365 Retail Markets, says the company intends to support Setomatic’s established team and industry relationships.

“As a founder, I know what it takes to build a company: the long hours, the hard decisions, and the trust you earn one customer at a time,” Hessling says. “The Schantz family has done that across generations, and it shows in the loyalty Setomatic-SpyderWash has earned throughout the laundry industry. We’re pleased they’ve chosen 365 to help build on that success.

“Our role is to add to what they’ve created, not change it, by putting our technology and resources behind a team that already knows this industry better than anyone.”

Jeff Dumbrell, 365’s chief revenue officer, points to smart stores, advertising screens and small arcade installations as potential additions to laundry locations.

“Every laundromat already has an audience that’s on-site and waiting, and that time is a real opportunity for owners,” he says.

Distributor relationships will remain central to Setomatic’s business, according to the companies, with 365’s product portfolio giving distributors additional offerings for their customers.

Financial terms and a schedule for introducing additional products to the laundry market were not disclosed.