BNET Industries

Market Cap:$115.8M
Last Fiscal Year Sales:$363.5M
  • Public
Dow Jones Description

Mac-Gray Corporation was founded in 1927 and re-incorporated in Delaware in 1997. Since its founding, Mac-Gray has grown to become the second largest laundry facilities management business in the United States. Through our portfolio of card and coin-operated laundry equipment located in laundry facilities across the country, we provide laundry convenience to residents of multi-unit housing, such as apartment buildings, condominiums, colleges and universities, public housing complexes and hotels and motels. Based on our ongoing survey of colleges and universities, we believe we are the largest provider of such services to the college and university market in the United States. We report our business in two segments, facilities management and product sales. Facilities management consists of our laundry facilities management and reprographics business units. Product sales consist of our commercial laundry equipment sales and Intirion Corporation (Intirion), which operates our MicroFridge ® branded product sales business. Our business model is built on a stable demand for laundry services, combined with long-term leases, strong customer relationships, a broad customer base, and predictable capital needs. For the three and six months ended June 30, 2009, our total revenue was $89,263 and $181,941, respectively. Approximately 85% and 86% of our total revenue for the three and six month period was generated by our facilities management segment. ...

Chairman and Chief Executive Officer
Stewart Gray MacDonald Jr.
Number of Employees 939
Contact Information

macgray.com

NAICS Code Coin-Operated Laundries and Drycleaners: 812310

Recent Events

  • Mac-Gray Corp TUC Posts In-Line Q3 EPS Results

    11/05/09 - Financial Announcement - View Story

  • Mac-Gray Corporation Announces 2009 Second-Quarter Financial Results Company Reduces Funded Debt by $11.5 Million on...

    8/05/09 - Financial Announcement - View Story

  • BRIEF-Mac-Gray names Thomas Bullock chairman of board

    6/09/09 - Board Member - Entering - View Story

News & Analysis

mac-gray corp. - All News and Analysis

Decision Makers

Name (plus bio) Position
Michael J. Shea CFO, Treasurer & Executive Vice President
Neil F. Maclellan Chief Operating Officer
Phil Emma Executive Vice President, Operations
Philip Emma Executive Vice President, Operations
Robert J. Tuttle Executive Vice President, Technology & Info Services
Todd O. Burger Executive Vice President, Operations
David Selib Vice President, Commercial Sales
Linda Serafini General Counsel, Secretary & Vice President
Kourtney Barnes Sustainability Coordinator
Stewart Gray
Bruce C. Ginsberg Director

Board of Directors

Name (plus bio) Position
Stewart Gray MacDonald Jr. Chairman and Chief Executive Officer
Alastair G Robertson Board of Directors
Christopher Jenny Board of Directors
David W. Bryan Board of Directors
Edward F McCauley Board of Directors
Mary Tocio Board of Directors
Thomas E Bullock Board of Directors
William F. Meagher Board of Directors

Stewart G. MacDonald, Jr. serves as Chairman of the Board and Chief Executive Officer and has served as a Director of the Company since 1983. Mr. MacDonald has served the Company as Chairman of the Board since 1992, and as Chief Executive Officer since 1996. Mr. MacDonald is the fourth member of the Company's founding families to lead the organization. He received his B.A. from the University of Wisconsin.

Organization Position Status
Mac-Gray Corporation Chairman and Chief Executive Officer Current

Michael J. Shea has served as Executive Vice President, Chief Financial Officer and Treasurer of the Company since November 1998. In April 1999, Mr. Shea was elected Secretary of the Company. From April 1998 to November 1998, Mr. Shea served as Senior Vice President and Chief Financial Officer of Professional Dental Associates, Inc. From March 1997 through April 1998, Mr. Shea served as Chief Financial Officer of Auto Palace, Inc., currently a division of Auto Zone. Mr. Shea is a Certified Public Accountant and received his B.A. from Stonehill College and his M.B.A. from Babson College.

Organization Position Status
The Coin-O-Matic Company Executive Vice President, Chief Financial Officer and Treasurer Current
Multi-Housing Laundry Executive Vice President, Chief Financial Officer and Treasurer Current
Mac-Gray Corporation CFO, Treasurer & Executive Vice President Current
Intelligent Laundry Executive Vice President, Chief Financial Officer and Treasurer Current
Hof Laundry Systems Executive Vice President, Chief Financial Officer and Treasurer Current
Mac-Gray Customer Service Introduction Executive Vice President, Chief Financial Officer and Treasurer Current
Laundrylinx', 'Techlinx', 'Ventsnake Executive Vice President, Chief Financial Officer and Treasurer Current
Copico Executive Vice President, Chief Financial Officer and Treasurer Current
Auto Palace LLC Chief Financial Officer Former
Professional Dental Associates Chief Financial Officer Former
Professional Dental Associates Senior Vice President Former
Copico Secretary Former
Mac-Gray Customer Service Introduction Secretary Former
Multi-Housing Laundry Secretary Former
Mac-Gray Corporation Secretary Former
Laundrylinx', 'Techlinx', 'Ventsnake Secretary Former
Babson College M.B.A. Former
Stonehill College B.A. Former

Organization Position Status
Mac-Gray Corporation Chief Operating Officer Current
The Coin-O-Matic Company Executive Vice President, Sales Current
Multi-Housing Laundry Executive Vice President Current
Mac-Gray Customer Service Introduction Executive Vice President, Sales Current
Hof Laundry Systems Executive Vice President, Sales Current
Copico Executive Vice President Current
Mac-Gray Corporation Executive Vice President Current
Intelligent Laundry Executive Vice President, Sales Current
Laundrylinx', 'Techlinx', 'Ventsnake Executive Vice President Current
Mac-Gray Customer Service Introduction Chief Operating Officer Former
Laundrylinx', 'Techlinx', 'Ventsnake Chief Operating Officer Former
Multi-Housing Laundry Chief Operating Officer Former
Copico Chief Operating Officer Former
The Coin-O-Matic Company Chief Operating Officer Former
Mac-Gray Customer Service Introduction Director of Finance and Administration Former
Multi-Housing Laundry Director of Finance and Administration Former
Mac-Gray Corporation Director of Finance and Administration Former
Laundrylinx', 'Techlinx', 'Ventsnake Director of Finance and Administration Former
Copico Director of Finance and Administration Former
The Coin-O-Matic Company Director of Finance and Administration Former
Mac-Gray Corporation Controller Former
The Coin-O-Matic Company Controller Former
Mac-Gray Customer Service Introduction Controller Former
Copico Controller Former
Multi-Housing Laundry Controller Former
Laundrylinx', 'Techlinx', 'Ventsnake Controller Former
Bentley College B.S. In Accounting Former

Philip Emma has served as Executive Vice President, Operations since January 2008. He served as Vice President and General Manager of Product Sales from January 2005 to January 2008 and Vice President and General Manager, MicroFridge from August 2002 until January 2005. Prior to joining Mac-Gray, Mr. Emma was Vice President and General Manager at Coca-Cola Enterprises. Each of the executive officers holds his or her respective office until the regular annual meeting of the Board of Directors following the annual meeting of stockholders and until his or her successor is duly elected and qualified or until his or her earlier resignation or removal.

Organization Position Status
Mac-Gray Corporation Executive Vice President, Operations Current
Microfridge Vice President Current
Microfridge General Manager Current
Mac-Gray Corporation Board of Directors Current
Pepsi-Cola Vice President of Franchise Development Former
Coca-Cola Enterprises Inc. Vice President Former
Product Sales Vice President Former
Product Sales General Manager Former
Coca-Cola Enterprises Inc. General Manager Former

Philip Emma, Executive Vice President of Operations joined the company in August of 2002 as Vice President and General Manager of MicroFridge. From 1995-2001, Mr. Emma served various roles at Coca-Cola Enterprises and was elected Vice President and General Manager in October 1998. Prior to Coca-Cola Enterprise, Mr. Emma was Vice President of Franchise Development for Pepsi-Cola from 1992-1995. Mr. Emma received his under graduate degree from the University of Massachusetts.

Organization Position Status
Mac-Gray Corporation Executive Vice President, Operations Current

Robert J. Tuttle, Executive Vice President Technology and Information Systems joined the Company in May 2001 as Vice President Field Technology and served as Chief Information and Technology Officer from August 2004 to January 2008. Prior to 2001 Mr. Tuttle held various management roles at Arthur Blank, & Co., Oki Electronics and Philips Electronics. He received his M.A. from the University of Oxford and M.Sc. from the Victoria University of Manchester, UK.

Organization Position Status
Mac-Gray Corporation Executive Vice President, Technology & Info Services Current
Arthur Blank & Company, Inc. Former

Organization Position Status
Mac-Gray Corporation Executive Vice President, Operations Current
Mac-Gray Customer Service Introduction Executive Vice President, Operations Current
The Coin-O-Matic Company Executive Vice President, Operations Current

Organization Position Status
Mac-Gray Corporation Vice President, Commercial Sales Current

Organization Position Status
Intelligent Laundry Vice President, General Counsel and Secretary Current
The Coin-O-Matic Company Vice President, General Counsel and Secretary Current
Mac-Gray Corporation General Counsel, Secretary & Vice President Current
Mac-Gray Customer Service Introduction Vice President, General Counsel and Secretary Current
Laundrylinx', 'Techlinx', 'Ventsnake Vice President, General Counsel and Secretary Current
Hof Laundry Systems Vice President, General Counsel and Secretary Current
Northeastern University School of Law J.D. Former

Organization Position Status
Mac-Gray Corporation Sustainability Coordinator Current

Organization Position Status
Mac-Gray Corporation Current
Multi-Housing Laundry Current
Copico Current
Mac-Gray Customer Service Introduction Current
University of Wisconsin B.A. Former

Alastair is a world-renowned leadership and strategic change expert and consultant, with 27 years experience both as an executive in the consumer products industry and in consulting. He leads The Leadership Development activities for Stackhouse Garber Associates, specializing in helping senior executives change both the way they do business and the way they behave as leaders, individually and collectively. He has worked extensively with clients on the development of leadership behaviors specifically linked to the building of enhanced performance, tailored to the context of an organization's business strategy. He is a specialist in individual, team and organization leadership assessment and behavior development, building on personal motivational strengths, and is an advisor/coach to many European and USA based executives. His clients include many Fortune 500 companies, across all industry sectors. In addition to consulting and coaching, Alastair conducts research in leadership on an ongoing basis, has published numerous articles in this area, and is a frequent conference speaker. Alastair graduated from the University of Glasgow.

Organization Position Status
The Strategic Offsites Group, LLC Consultant Current
Intelligent Laundry Board of Directors Current
The Coin-O-Matic Company Board of Directors Current
Hof Laundry Systems Board of Directors Current
Laundrylinx', 'Techlinx', 'Ventsnake Board of Directors Current
Mac-Gray Customer Service Introduction Board of Directors Current
Mac-Gray Corporation Board of Directors Current
University of Glasgow Former

Bruce C. Ginsberg has been a Director of the Company since May 2009. Mr. Ginsberg is currently President, Chief Executive Officer and Director of MooBella LLC, a company that has developed an innovative ice cream dispensing system for foodservice operations. He also founded and is currently President of New England Ice Cream Corporation. Mr. Ginsberg holds an M.B.A. and a B.S. from Boston College.

Organization Position Status
Mac-Gray Corporation Director Current

Organization Position Status
The Parthenon Group Inc. Senior Partner Current
Mac-Gray Customer Service Introduction Director of the Company Current
The Coin-O-Matic Company Director of the Company Current
Hof Laundry Systems Director Current
Mac-Gray Corporation Board of Directors Current
Mac-Gray Customer Service Introduction Board of Directors Current
Intelligent Laundry Director Current
Bain & Company Partner Former
Mac-Gray Corporation member Former
Dartmouth College B.A. in Mathematics Former

Organization Position Status
Laundrylinx', 'Techlinx', 'Ventsnake Director of the Company Current
Multi-Housing Laundry Chairperson Current
Intelligent Laundry Director Current
Mac-Gray Corporation Board of Directors Current
Mac-Gray Customer Service Introduction Board of Directors Current
Hof Laundry Systems Director Current
Laundrylinx', 'Techlinx', 'Ventsnake Board of Directors Current
The Coin-O-Matic Company Board of Directors Current
Copico Board of Directors Current
Capsized.Com CEO Former
Avedis Zildjian Company CEO Former
Avedis Zildjian Company Internet Specialty Retailer Former
Columbia University M.B.A. Former
Colby College B.A. In Economics Former

Organization Position Status
The Coin-O-Matic Company Director of the Company Current
Multi-Housing Laundry Director of The Company Current
Laundrylinx', 'Techlinx', 'Ventsnake Director of the Company Current
The Coin-O-Matic Company Board of Directors Current
Copico Board of Directors Current
Intelligent Laundry Director Current
Hof Laundry Systems Director Current
Harvard Pilgrim Health Care, Inc. Director Current
Mac-Gray Corporation Board of Directors Current
Multi-Housing Laundry Board of Directors Current
Laundrylinx', 'Techlinx', 'Ventsnake Board of Directors Current
Mac-Gray Customer Service Introduction Board of Directors Current
St. Joseph's University B.S. In Accounting Former
University Corp. B.S. In Accounting Former

Mary Ann Tocio has been a director of the Company since November 2006. Ms. Tocio currently is President, Chief Operating Officer and a director of Bright Horizons Family Solutions, the world's largest provider of employer-supported childcare, early education and work/life solutions. Ms. Tocio has been employed by Bright Horizons since 1992.

Organization Position Status
Bright Horizons Family Solutions LLC President Current
Multi-Housing Laundry Committee Member Current
Bright Horizons, Inc. Current
Copico Board of Directors Current
Intelligent Laundry Board of Directors Current
Hof Laundry Systems Board of Directors Current
Harvard Pilgrim Health Care, Inc. Director Current
Telecare, Inc. Board Member Current
Mac-Gray Corporation Board of Directors Current
The Coin-O-Matic Company Board of Directors Current
Laundrylinx', 'Techlinx', 'Ventsnake Board of Directors Current
Mac-Gray Customer Service Introduction Board of Directors Current
Junior Achievement of Eastern Massachusetts Board Member Current
Bright Horizons Family Solutions LLC Chief Operating Officer Former
Bright Horizons Family Solutions LLC Vice President, Child Care Operations Former
Bright Horizons Family Solutions LLC NA Former
Simmons College Mba Former
Simmons College School of Management MBA Former

Organization Position Status
Copico Director of the Company Current
Multi-Housing Laundry Director of The Company Current
Laundrylinx', 'Techlinx', 'Ventsnake Director of the Company Current
The Coin-O-Matic Company Director of the Company Current
Hof Laundry Systems Director Current
The Coin-O-Matic Company Board of Directors Current
ClearSource, Inc. Director Current
Cmo Group, Inc Vice Chairman Current
Copico Board of Directors Current
Mac-Gray Corporation Board of Directors Current
Intelligent Laundry Director Current
Harbor Acquisition Corporation Board of Directors Current
Laundrylinx', 'Techlinx', 'Ventsnake Board of Directors Current
Mac-Gray Customer Service Introduction Board of Directors Current
Ocean Spray Cranberries, Inc. CEO Former
Ocean Spray Cranberries, Inc. President Former
Ocean Spray Cranberries, Inc. Executive Vice President and Chief Operating Officer Former
Multi-Housing Laundry Committee Member Former
Avedis Zildjian Company Former
Welch Foods Inc. Former
St Joseph's College B.S. Former

Organization Position Status
Rio West Development, Inc. Director of the Company Current
Dover Saddlery Chairman Current
SkillSoft PLC Chair Current
Laundrylinx', 'Techlinx', 'Ventsnake Director Current
Mac-Gray Customer Service Introduction Board of Directors Current
Intelligent Laundry Director Current
SkillSoft PLC Board of Directors Current
Mac-Gray Corporation Board of Directors Current
The Coin-O-Matic Company Director Current
Boston Office Managing Partner Former
Andersen Corporation Former
Dover Saddlery Board of Directors Former
Massachusetts Society of Certified Public Accountants, Inc Board of Directors Former
American Institute of Certified Public Accountants Board of Directors Former
American Institute of Certified Public Accountants Member Former
Massachusetts Society of Certified Public Accountants, Inc Member Former

Executive News

  • Mac-Gray to Release Second Quarter 2009 Financial Results on Tuesday, August 4th

    Street Insider - 7/22/09 - View Story

  • Mac-Gray Corporation to Join Russell 3000(R) Index

    PR Newswire - 6/24/09 - View Story

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TUC $8.51 +0.15 (1.79% )
Volume 6,206
Shares Outstanding 13.6M
Market Cap 115.8M
Year High 14.36
Year Low 4.60
Earnings Per Share -0.010
P/E Ratio 0.00
Dividend 0.00
Yield 0.00
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