EXHIBIT 21.1

Subsidiaries of the Company



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|------------------------------------------------------------------------------------------------------ |  | -----------------------------------------------------------
|Alliance Laundry Systems LLC owns all of the stock of the following corporations:                     
|                                                                                                       | 
|Name                                                                                                   |  | State or Other Jurisdiction ofIncorporation or Organization
|Alliance Laundry Corporation                                                                           |  | Delaware                                                   
|Alliance Laundry Equipment Receivables 2005 LLC                                                        |  | Delaware                                                   
|Alliance Laundry Holding S.ar.l                                                                        |  | Luxembourg                                                 
|                                                                                                      
|Alliance Laundry Holding S.ar.l owns all of the stock of the following corporation:                   
|                                                                                                       | 
|Name                                                                                                   |  | State or Other Jurisdiction ofIncorporation or Organization
|Alliance Holding BVBA                                                                                  |  | Belgium                                                    
|                                                                                                      
|Alliance Holding BVBA owns all of the stock of the following corporation:                             
|                                                                                                       | 
|Name                                                                                                   |  | State or Other Jurisdiction ofIncorporation or Organization
|Alliance International BVBA                                                                            |  | Belgium                                                    
|                                                                                                      
|Alliance International BVBA owns all of the stock of the following corporations:                      
|                                                                                                       | 
|Name                                                                                                   |  | State or Other Jurisdiction ofIncorporation or Organization
|IPSO  Norge AS                                                                                        |  | Norway                                                     
|IPSO  Spain S.L.                                                                                      |  | Spain                                                      
|                                                                                                      
|Alliance International BVBA owns a 50% interest in IPSO  Rent NV, a Belgium Joint Venture.           
|                                                                                                      
|Alliance International BVBA owns a 50% interest in IPSO-Rent Deutschland GmbH, a German Joint Venture.