365 Retail Markets buys SpyderWash maker to crack laundromats
What's the deal? 365 Retail MarketsDealroom has a profile for this one. Try Dealroom → has acquired Setomatic Systems, maker of the SpyderWash laundry payment platform, in a deal announced November 9, 2026. Terms were not disclosed. The Schantz family retains an investment in the business.
Who's who? Setomatic has built laundry payment technology for nearly six decades. 365 Retail Markets runs unattended-retail systems spanning self-checkout, payments, and software for food service and micromarkets.
What changes? Not much, at least publicly. Setomatic-SpyderWash keeps its name and brand, with Gregg Schantz staying on as president and Michael Schantz remaining active. The companies say customer support and distributor relationships continue.
What's the endgame? 365 wants to sell more technology into laundromats beyond payments. Chief revenue officer Jeff Dumbrell points to smart stores, advertising screens, and small arcade installations as 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," Dumbrell says.
Why now? The acquisition follows 365's larger push into unattended retail. In May 2026, it completed an $848 million acquisition of Cantaloupe, combining payments, telemetry, and device networks with its own self-checkout and software.
That deal drew Federal Trade Commission scrutiny: 365 had to divest Cantaloupe's Three Square Market micromarket business and accept requirements on third-party integrations.
The signal: Setomatic is a smaller, adjacent bet, not a market-shaping one. It extends 365's footprint into a new customer base — laundromats — and tests whether dwell time can be converted into cross-sold technology revenue.
Read more: americancoinop.com
Image credit: Generated with Gemini
