U.S. Dry Cleaning (UDRY) operates 60 dry cleaning stores throughout its home state of California, Hawaii and Virginia. The company also provides commercial dry cleaning services to hotels across the U.S. In order to bolster market share, U.S. Dry Cleaning is highly acquisitive, averaging a couple of acquisitions per quarter thus far in 2008. The company generally looks for stores or chains of dry cleaning shops that have about $5 million in annual revenue. U.S. Dry Cleaning had nearly $13 million in sales for 2007.

The company is also seeking to enter new markets across the U.S. via acquisitions. U.S. Dry Cleaning recently announced that it made purchases to enter new markets in Indiana and Tennessee. The company said earlier this month that paid almost $800,000 to gain nearly $8 million in sales by buying 25 cleaning centers in the Indianapolis area. It was the company’s fourth acquisition in 2008.

U.S. Dry Cleaning (UDRY) operates 60 dry cleaning stores throughout its home state of California, Hawaii and Virginia. The company also provides commercial dry cleaning services to hotels across the U.S. In order to bolster market share, U.S. Dry Cleaning is highly acquisitive, averaging a couple of acquisitions per quarter thus far in 2008. The company generally looks for stores or chains of dry cleaning shops that have about $5 million in annual revenue. U.S. Dry Cleaning had nearly $13 million in sales for 2007.

The company is also seeking to enter new markets across the U.S. via acquisitions. U.S. Dry Cleaning recently announced that it made purchases to enter new markets in Indiana and Tennessee. The company said earlier this month that paid almost $800,000 to gain nearly $8 million in sales by buying 25 cleaning centers in the Indianapolis area. It was the company’s fourth acquisition in 2008.