checkAd

     117  0 Kommentare EVI Industries to Acquire Laundry Pro of Florida

    EVI Industries, Inc. (NYSE American: “EVI”) announced today that it executed a definitive agreement to acquire Lakeland, FL based Laundry Pro of Florida, Inc. (“Laundry Pro”), a distributor of commercial laundry products and a provider of related installation and maintenance services. The addition of Laundry Pro significantly increases EVI’s market share in the state of Florida and includes an experienced team with longstanding customer relationships and strategically valuable product lines. The Company believes that combined with EVI’s southeast operations, the rapid deployment of its customer facing technologies, and with other benefits of being an EVI company, Laundry Pro will enhance its customer value proposition and immediately yield growth and profitability for EVI.

    As is customary under EVI’s operating model, Laundry Pro will operate under its existing name and with its current team to provide continuity to customers, employees, and vendor partners. For the twelve months ended May 31, 2024, Laundry Pro generated revenues of approximately $12 million, which were derived from the sale of equipment, parts, and the performance of installation and maintenance services. Upon completion of the Laundry Pro acquisition, EVI will have acquired twenty-seven (27) commercial laundry businesses and continues to be the fastest growing and only listed company devoted to the North American commercial laundry distribution and services industry. Consideration for the purchase of Laundry Pro is to be paid in cash.

    Henry M. Nahmad, EVI’s Chairman and CEO, commented: “The achievement of our long-term goals requires time, patience, and thoughtful execution. Our operating philosophy is a natural fit for entrepreneurs and industry professionals who seek to build their company and careers as part of a broad family with common goals, principles, and values. We appreciate the thoughtfulness Ron Jansen, and his family undertook throughout this process. We are pleased to welcome the Laundry Pro team to the EVI family, and we look forward to their valuable contributions over the long-term.”

    The transaction is expected to close upon the satisfaction of customary closing conditions. EVI expects Laundry Pro’s results of operations to be accretive to its fiscal year ended June 30, 2025.

    EVI’s Buy and Build Philosophy

    Since 2016, EVI has acquired twenty-six (26) businesses and has become the leader in the North American commercial laundry distribution and service industry. Key components of EVI’s buy-and-build strategy include:

    Seite 1 von 3


    N.C. State University: Jeff Bezos spendet 30 Millionen Dollar an Lab-Grown-Meat-Unternehmen



    Business Wire (engl.)
    0 Follower
    Autor folgen
    EVI Industries to Acquire Laundry Pro of Florida EVI Industries, Inc. (NYSE American: “EVI”) announced today that it executed a definitive agreement to acquire Lakeland, FL based Laundry Pro of Florida, Inc. (“Laundry Pro”), a distributor of commercial laundry products and a provider of related …