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Evi Industries Completes Acquisition Of Laundry South Systems And Repair – Expands Into Mississippi

May 02, 2022about 3 years ago

Acquiring Company

EVI Industries

Acquired Company

Laundry South Systems

MiamiHardwareSoftwareCommerce And Shopping

Description

EVI Industries, Inc. (NYSE American: “EVI” or the “Company”) announced today it simultaneously executed a definitive agreement and completed the acquisition of Pearl, Mississippi based Laundry South, EVI’s nineteenth (19th) distributor of commercial laundry products and provider of related technical installation and maintenance services. The addition of Laundry South expands the Company’s sales and service operations into the state of Mississippi and increases its presence and market share in eastern Louisiana. Laundry South will join EVI’s Southcentral Group of commercial laundry businesses and consistent with EVI’s operating philosophy, Laundry South will operate under its current name, from its present location, and with all its employees.

Company Information

Company

EVI Industries

Location

Miami, Florida, United States

About

EVI Industries, Inc., through its wholly-owned subsidiaries, is a distributor that generates revenues by selling, leasing or renting, through its extensive sales organization, commercial, industrial and vended laundry, dry-cleaning, and material handling equipment, steam and hot water boilers, water reuse and filtration systems, chemical supplies and related replacement parts and accessories. Additionally, EVI designs, plans, and installs turn-key laundry, dry cleaning, boiler, and water filtration systems and provides maintenance services through its robust technical service organization. EVI’s customers include retail, commercial, industrial, institutional, and government customers. Purchases made by customers range from parts and accessories, to single or multiple units of equipment, to large complex systems, as well as installation and maintenance services. EVI believes that the increase in equipment sales provides a strong foundation for EVI to further strengthen its customer relationships, including that they may in the future result in higher gross margin opportunities from the sale of parts, accessories, supplies, and technical services related to the equipment.

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